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MoonPay establishes subsidiary in South Korea and collaborates with local financial institutions

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MoonPay has established a subsidiary in South Korea as its Asia Pacific business hub, and has partnered with KakaoBank, Woori Bank, and KB Financial Group to jointly carry out cross-border payments, issuance and distribution of Korean won stablecoins, wallet services, and cryptocurrency fiat deposit and withdrawal businesses. (Source: The Block)

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