KakaoBank plans to enter South Korea's stablecoin market

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On August 6, The Block reported that KakaoBank Chief Financial Officer Kwon Tae-hoon stated at the bank's first-half 2025 earnings conference that the bank is evaluating digital asset issuance and custody services and collaborating with the Kakao Group's stablecoin working group. KakaoBank has accumulated experience in risk management, including issuing real-name accounts on cryptocurrency trading platforms and anti-money laundering monitoring, and has participated in the Bank of Korea's central bank digital currency pilot project.

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