K-Bank of Korea Internet Bank sets up a digital asset working group

According to Money Today, K-Bank, a South Korean Internet bank, recently set up a new Task Force on Digital Assets (TF) and started to develop digital asset financial services centered on stable currencies. This special task force is composed of six experts who have joined the stablecoin association and are responsible for monitoring the technological and institutional dynamics related to digital assets, including stablecoins. At the same time, the working group will also design a stablecoin business model and develop practical service strategies for market promotion.