South Korean banks file over 80 stablecoin trademarks

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When America makes a strong push for the GENIUS Act on stablecoin, South Korea quickly makes a strong push for its cryptocurrency strategy. Major banks like Woori, KB Kookmin, Hana, and Shinhan are establishing dedicated teams, testing stablecoin services, and signing up dozens of related trademarks.

Woori plans to launch a joint venture Vitgo Korea specializing in the custody of stablecoins, while KB Kookmin has registered 81 stablecoin trademarks. Shinhan is conducting technical experiments and developing a product integration plan.

South Korea is considering the Basic Law on Digital Assets (DABA), which establishes a unified legal framework for tokens, NFTs, and custodianship, unlike the fragmented system in America.

According to Sangmin Seo, Director of the Kaia DLT Fund, clear regulations will help South Korea become a global model and turn cryptocurrency into a national growth driver, alongside AI and semiconductors.

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