South Korea launches USDT withdrawal ATMs exclusively for foreign tourists
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South Korea launches USDT withdrawal ATMs exclusively for foreign tourists
According to Decrypt, South Korean blockchain company DaWinKS, in collaboration with the Kaia DLT Foundation, has launched cryptocurrency ATMs that support USDT withdrawals, currently available only to tourists holding foreign passports. These ATMs are deployed at major tourist sites across South Korea and allow users to exchange USDT issued on the Kaia chain (the public blockchain resulting from the merger of Klaytn and Finschia) into 85 fiat currencies or top up local transportation cards. The project operates under a regulatory sandbox framework, and DaWinKS says the machines 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 covering key issues such as issuance licensing and reserve requirements.
Navigating Web3 tides with focused insightsTechFlow 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.
