Search results for Changer.ae Limited
Crypto
K Bank to cooperate with Hong Kong\'s HashKey Group on digital asset remittances and payments
K Bank will build an overseas digital asset remittance cooperation network linking South Korean blockchain firm BPMG and Hong Kong\'s HashKey Group. It plans to pursue a proof of concept for blockchain-based remittances between South Korea and Hong Kong and prepare internal controls such as customer identification and anti-money laundering measures in anticipation of institutionalisation and regulatory approval. The parties will also explore expanding services across Asia by linking with HashKey\'s remittance network.
Crypto
BPMG to work with Kbank and UAE\'s Changer on stablecoin business
Blockchain company BPMG said it signed a strategic memorandum of understanding with South Korea\'s internet-only bank Kbank and UAE-based digital asset services firm Changer.ae Limited to cooperate on a stablecoin business. The three companies plan to jointly pursue digital asset-based financial projects and build financial infrastructure using blockchain. They will collaborate on services and technology, review stablecoin business models, and address technical and regulatory issues for cross-border settlement, including a remittance pilot this year.
Finance
K Bank to support digital asset-based remittance and payment services between South Korea and UAE
K Bank plans to work with a UAE digital asset firm and a South Korean blockchain company to develop digital asset-based cross-border remittance and payment services between South Korea and the UAE. The partners will begin a proof of concept for stablecoin transfers between the won and the dirham. They will also cooperate on custody, conversion and settlement technologies and aim to create a compliance-focused model meeting South Korean and UAE rules.