TechFlow news, July 31 — According to Decrypt, South Korean blockchain company DaWinKS has partnered with the Kaia DLT Foundation to launch cryptocurrency ATMs supporting USDT withdrawals. These ATMs are currently available only to tourists holding foreign passports. Deployed at major tourist sites across South Korea, the machines allow users to exchange USDT issued on the Kaia chain—built on the merged public blockchain of Klaytn and Finschia—into 85 fiat currencies, or top up local transit cards.
The project operates under a regulatory sandbox framework. DaWinKS stated that the devices are compatible with other fintech solutions, including debit cards, vouchers, and payment systems for casinos designated for foreigners. Currently, South Korea's National Assembly is reviewing a stablecoin regulation bill addressing key issues such as issuance licensing and reserve requirements.
