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Jeonbuk Bank has launched South Korea's first bank-issued won loans backed by Bitcoin.

Corporate clients can pledge their BTC holdings as collateral for business financing without selling.

The bank keeps a safe distance from the crypto, using registered third-party custodians to hold the collateral.

The program is currently corporate-only, with expansion dependent on regulatory shifts and market demand.

The bank's collateral framework will face a test when BTC drops 30% overnight.

🔥 @Bitcoin_Insights

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