🇰🇷 SOUTH KOREA'S FIRST #BITCOIN BACKED BANK LOAN IS LIVE‼️ Jeonbuk Bank, a unit of JB Financial Group, is offering won-denominated loans secured by bitcoin to corporate clients. 👉 Proceeds are limited to operating costs 👉 One loan has already been executed The bank says it ran stress tests on sharp price drops and chose Bitcoin because of its deep liquidity 👏 The Bitcoin sits with a registered custodian, and the bank can seek a court-ordered sale on default. Bitcoin is moving from speculative asset to bankable collateral, one country at a time! 🧡 ---- 📲 Send this to a friend who needs to see the latest news on bitcoin 🧡 Click on our profile for more posts like this 🫡 #bitcoinadoption #bitcoinnews️️️️️