Major South Korean Bank BNK Busan Plans to Offer Banking Services to Domestic...
The South Korean crypto frenzy among the banking industry remains on fire, as another major bank is treading waters to offer banking services for crypto exchanges. The BNK Busan Bank launched a program that consists of visiting competitors’ banks that already offer it. BNK Busan Is Visting Its Competitors to Conduct the Research According to the Busan.com news outlet, the bank researches how these financial institutions deal with the crypto exchanges amid the forthcoming regulation. As the banks provide fiat services to the crypto businesses, the legislation set to promulgate on....
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Binance is helping the South Korean city of Busan “grow crypto adoption within the city and beyond.” The global crypto exchange will also support the development of the city’s blockchain ecosystem and the Busan Digital Asset Exchange. Binance Signs MOU With Busan City Cryptocurrency exchange Binance announced Friday that it has signed a Memorandum of Understanding (MOU) with Busan Metropolitan City. Busan, located on the southeastern tip of the Korean peninsula, is the second largest city in South Korea with approximately 3.4 million residents. “As part of the....
Huobi Global is the third major cryptocurrency exchange to pen a blockchain ecosystem development agreement with the South Korean city. South Korea’s ‘blockchain’ city of Busan continues to establish agreements with cryptocurrency industry heavyweights as Huobi Global enters the development ecosystem.Huobi Global and its Korean branch became the latest exchange to sign a memorandum of understanding with the Busan Metropolitan City government to participate in the growth of its blockchain industry.According to an official announcement from Huobi, the partnership will see the company provide....
Woori Bank, the South Korean financial institution, enters the DACS (cryptocurrency custody services) market. The Woori Financial Group will start offering its client cryptocurrency custody services. It is among the largest South Korean financial institutions. Related Reading | Nifty’s Inc. Partners With Warner Bros To Roll Out A Social NFT Platform The banking unit of […]
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According to inews24, the bank announced the investment in the KDAC, a joint-venture custody company founded by a local crypto exchange, Korbit, blockchain firm Blocko and crypto researcher Fair Square Lab. The Shinhan Bank spokesperson stated that their upcoming crypto-related services are suitable for an....
South Korea's 'Blockchain' city of Busan continues to establish partnerships to foster the growth of the cryptocurrency industry. South Korea’s second-largest city Busan has announced a partnership with crypto trading platform FTX to build a local crypto exchange and foster blockchain development.Sam Bankman-Fried’s FTX will assist in creating the Busan Digital Asset Exchange as per an official statement from the Busan Metropolitan City on Aug. 30. The Bahamian-based firm will also support the city in fostering the growth of the local blockchain industry.Busan City will make use of FTX’s....