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Crypto

Danal to pursue stablecoin payments with VASP INX

Danal will work with virtual asset service provider Infinity Exchange Korea (INX) to build digital asset-based payment and settlement infrastructure including stablecoins. The companies signed an MOU to link Danal’s payment gateway and prepaid electronic payment infrastructure with INX’s VASP infrastructure and digital asset API solutions. They plan to roll out stablecoin payments for merchants, payments and remittances for visitors and students, and T+0 real-time settlement, while applying AML-related controls.

Crypto

U.S. government moves seized bitcoin from Alameda accounts, sale in focus

The U.S. government moved some bitcoin seized from accounts linked to Alameda Research, drawing market attention to whether the holdings will be sold. Blockchain analytics firm Arkham detected the transfer but did not view it as a sale and did not specify the destination. The market is watching after repeated transfers of seized FTX and Alameda assets in recent months, including altcoins and hundreds of millions of dollars in crypto moved to Coinbase Prime.

Finance

Hana Bank signs won swap deal with RFI, first for South Korean banks

Hana Bank signed a won swap deal in London with a foreign bank registered as a Recognised Foreign Institution, it said. The bank said it was the first time a South Korean bank had concluded a won swap transaction with an RFI. Hana said its London funding centre supplied won liquidity directly to overseas won swap demand. It plans to expand the centre’s scope from FX and remittances to sales of won government bonds, domestic stocks and won derivatives.