Neobank K-Bank May Have to Postpone IPO Plan as Crypto Winter Bites

An up-and-coming South Korean bank appears to be suffering from the crypto market’s volatility – and may have to shelve its initial public offering (IPO) plans if crypto winter continues.
Per ENews Today, K-Bank, the banking partner of the market-leading crypto exchange Upbit, is “experiencing difficulties.”
The report explained that the bank – which had hoped to follow its biggest rival Kakao Bank onto the stock market – has been hit with a double whammy of bad news….
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