Express

South Korea's Woori And Shinhan Banks To Offer Crypto-Asset Services

Tracy CHEN

Summary: South Korea's Woori Bank and Shinhan Bank announced plans to launch an "encrypted asset service," according to Cointelegraph. This means that four of the country's top five Banks, which now hold assets worth more than $1.2 trillion, are now ready to introduce encryption services.  The other two Banks, NH Nonghyup And Kookmin Bank, have previously ...

South Korea's Woori Bank and Shinhan Bank announced plans to launch an "encrypted asset service," according to Cointelegraph. This means that four of the country's top five Banks, which now hold assets worth more than $1.2 trillion, are now ready to introduce encryption services. 

The other two Banks, NH Nonghyup And Kookmin Bank, have previously worked with blockchain companies, and Nonghyup bank is expected to offer services to institutional investors in the coming months.

Tracy Chen

Last Update:

Tags:
Link: South Korea's Woori And Shinhan Banks To Offer Crypto-Asset Services   [Copy]
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 1 day ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 4 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 5 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 8 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 9 days ago
  • You need to login to comment.