Altcoins News

Story: Jeonbuk Bank Partners with Ripple to Challenge SWIFT’s Cross-Border Payment System

By Maheen Hernandez

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Seoul Tightens the Regulatory Screws. South Korean lawmakers aren't sitting still. A new bill, led by lawmaker Eom Tae-young, wants to…

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New Markets, Big Money, and Licensing Moves. Korea's Novel Securities Market is scheduled to launch in November, and it's an interesting one.

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OKX, Bitdeer, and the AI Money Trail. OKX ran into a compliance snag. Its account with Anthropic's Claude AI model got suspended…

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Jeonbuk Bank is teaming up with Ripple. The goal is a cross-border payment system built specifically for business customers in South Korea, promising faster settlements and lower…

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Cross-border payments have long been a pain point for corporate clients across Asia. SWIFT's correspondent banking rails work, but they're slow, expensive, and opaque on fees.

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South Korean lawmakers aren't sitting still. A new bill, led by lawmaker Eom Tae-young, wants to expand the Financial Intelligence Unit's power in a pretty significant way.

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Separately, the Korea Media and Communications Commission took a hard look at Polymarket and didn't like what it saw.

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BitGo Korea got better news. The firm secured registration approval, clearing a hurdle just before tighter VASP requirements kick in. Timing matters here.

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Fasset pulled in $68 million in Series C funding, with Japan's SBI Group among the backers. The money goes toward Fasset's neobanking platform and its digital banking ambitions…

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Japan's Financial Services Agency handed Laser Digital the country's first crypto exchange license in four years.

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More context: Protesters Confront Ripple Co-Founder Chris Larsen Over $9.4 Million Surveillance Investment

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Pakistan's Virtual Assets Regulatory Authority, PVARA, opened its licensing portal for crypto exchanges.

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Capital.com, meanwhile, plans to launch spot crypto services in the UAE after getting a virtual-asset license there.

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OKX ran into a compliance snag. Its account with Anthropic's Claude AI model got suspended temporarily because of issues tied to geographic restrictions.

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Bitdeer's AI division secured a long-term deal covering roughly 50% of its A102 facility's capacity in Malaysia.

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