South Korea & Hana Bank

South Korea: South Korea is developing the Digital Asset Basic Act, a comprehensive regulatory framework for cryptocurrencies, which is driving institutional investment and shaping the ownership structure of crypto exchanges like Bithumb.

Hana Bank: Hana Bank previously disclosed plans for a $670 million stake acquisition in Upbit, indicating a broader trend of financial institutions investing in digital asset platforms in South Korea.

Hana Bank: Hana Bank is acquiring a 6.55% stake in Upbit, marking the largest investment by a South Korean bank in a digital asset enterprise. This move is intended to secure competitiveness in the new financial landscape and accelerate financial innovation.

Hana Bank: Hana Bank's subsidiary, GLN International, expanded its payment network in China, which could positively reflect on Hana Bank's global presence and financial technology offerings.

Hana Bank: Hana Bank is the only Korean financial institution designated as a settlement bank for the QR payment service in Vietnam, playing a crucial role in GLN International's cross-border initiatives.