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Woori Bank Becomes First in Korea to Display Bitcoin Prices in Trading Room

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Woori Bank has begun displaying Bitcoin costs inside its most important buying and selling room in Seoul, inserting the cryptocurrency alongside core monetary indicators such because the received–greenback alternate charge and inventory market information.

Key Takeaways:

  • Woori Bank is the primary Korean business financial institution to show Bitcoin costs in its most important buying and selling room.
  • The transfer displays Bitcoin’s rising function in world market sentiment as Korean banks increase deeper into digital asset infrastructure.
  • Upcoming laws may place main banks like Woori as central gamers in South Korea’s future digital finance panorama.

The transfer marks the first time a business financial institution in South Korea has built-in a crypto value feed immediately into its frontline dealing setting, the house the place merchants deal with international alternate, bonds and derivatives.

Bitcoin Now Seen as Market Signal, Says Woori Bank Official

A Woori Bank official mentioned the choice displays the rising weight of digital belongings in world finance, noting that Bitcoin has more and more develop into a sign for broader market sentiment.

“As digital belongings proceed to develop in prominence and affect in world monetary markets, we decided that they need to be monitored as a key indicator to higher learn general market developments,” the official mentioned.

The replace comes as Korean banks step deeper into digital asset infrastructure.

Hana Financial Group this week signed a partnership with Dunamu, operator of the Upbit alternate, to incorporate blockchain instruments into providers starting from abroad remittances to monetary information techniques.

While Woori has but to announce a proper partnership with a crypto alternate, senior executives have repeatedly indicated that the financial institution intends to increase into digital asset providers.

CEO Jung Jin-wan mentioned in October that funds and digital asset ecosystems are “more and more interconnected,” suggesting the sector may open new income avenues for banks.

Regulators are additionally shaping a clearer path. The authorities and ruling Democratic Party are analyzing a proposal that may limit issuance of won-based stablecoins to bank-led consortia with majority financial institution possession.

If enacted, the framework may place main lenders like Woori as central gamers in future stablecoin markets.

As reported, South Korean traders turned the Chuseok vacation right into a high-risk buying and selling week, pouring $1.24 billion into US tech and crypto-linked assets whereas native markets have been closed between October 3 and 9.

The frenzy was led by leveraged ETFs and high-growth shares, as merchants sought to journey Wall Street’s momentum amid optimism surrounding US tech resilience and home stimulus hopes.

South Korea to Extend Crypto Travel Rule to Sub-$700 Transactions

Last week, South Korea revealed that it’s preparing one of its most aggressive crackdowns on cryptocurrency-related monetary crime by increasing its journey rule necessities.

The new threshold covers transactions underneath 1 million received ($680), which till now allowed customers to bypass identification checks by breaking transfers into smaller quantities

The Financial Intelligence Unit (FIU) can even introduce pre-emptive account-freezing powers in severe instances, permitting investigators to lock suspicious accounts earlier than funds may be moved past restoration.

Officials mentioned legislative amendments are anticipated to be submitted to the National Assembly in the primary half of 2026, with South Korea additionally increasing coordination with world regulators such because the Financial Action Task Force to align with worldwide requirements.

The publish Woori Bank Becomes First in Korea to Display Bitcoin Prices in Trading Room appeared first on Cryptonews.

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