K Bank joins OBDIA...Researching the potential legalization of stablecoins
Summary
- K Bank announced that it has become a member of OBDIA.
- OBDIA stated that it is conducting research with major financial institutions on the potential legalization and effectiveness of stablecoins.
- K Bank stated it intends to pursue financial innovation based on stablecoins and digital asset technologies.
Internet-only bank K Bank announced on the 13th that it has become a member of the Open Blockchain & DID Association (OBDIA).
OBDIA is a non-profit blockchain association that received establishment approval from the Ministry of Science and ICT in 2018. In April, it established a 'Stablecoin Division' to examine the potential for and effectiveness of stablecoin legalization. Joint research is underway with major financial institutions such as KB Kookmin, Shinhan, Woori, IBK Industrial Bank of Korea, and the Korea Financial Telecommunications & Clearings Institute.
A K Bank spokesperson said, "We will continue to prepare for financial innovation as a 'technology-leading bank' based on technologies including stablecoins and a variety of digital assets."
YM Lee
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