Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result
Home General News

BitGo And A South Korean Banking Giant Partner To Make Cryptocurrency More Accessible

Hania by Hania
September 5, 2023
in General News, Bitcoin News
Reading Time: 2 mins read
A A
0
BitGo And A South Korean Banking Giant Partner To Make Cryptocurrency More Accessible
Share on FacebookShare on Twitter
ADVERTISEMENT

KEB Hana Bank’s collaboration with the cryptocurrency custodian ties one of the country’s leading financial institutions to the digital asset industry.

Top 5 Hana Banking Group, a South Korean banking conglomerate, has announced that its KEB Hana Bank will work with crypto custodian BitGo in late 2024.

Forkast said that both firms delivered a joint statement late Tuesday during the Korean Blockchain Week in Seoul.

“We expect to promote the digital asset custody sector with our global partners to raise trust and consumer protection on the domestic digital asset market,” a Hana Bank source told local media.

In 2012, Hana Financial Group bought Korea Exchange Bank (KEB), forming KEB Hana Bank in 2015. The institutions made $2.4 billion (3.16 trillion Korean won) in 2022. In July 2022, KEB Hana Bank opened a branch in the metaverse platform The Sandbox.

You May AlsoLike

US Lawmakers Call For SEC Chair To Pause Rulemaking Amid Concerns

US Lawmakers Call For SEC Chair To Pause Rulemaking Amid Concerns

September 27, 2023
BlockFi Moves Closer To Repaying Customers As Court Gives The Nod

BlockFi Moves Closer To Repaying Customers As Court Gives The Nod

September 27, 2023

This private sector alliance appears to target South Korea’s tech-savvy population, where bitcoin is popular.

South Korea And Cryptocurrency

BitGo And A South Korean Banking Giant Partner To Make Cryptocurrency More Accessible

Consensys and YouGov found that 63% of South Koreans are aware of crypto assets, ranking them among the most aware in the world.

The agreement also aligns with South Korea’s efforts to control the cryptocurrency market and recruit BitGo.

New laws need a 3 billion won reserve fund, the newest of which is $2.3 million. A virtual crime team was also announced to combat an alleged rise in crypto crime in the country. BitGo, a crypto custody veteran, raised $100 million in Series C funding and plans to debut in South Korea in late 2024.

“The partnership is expected to be an important turning point in raising the standards of the domestic digital asset market to a global level and encouraging institutional participation in the market,” Hana and BitGo stated in a news release.

Tags: crypto news
Share76Tweet47
ADVERTISEMENT
Previous Post

Smart Saving Strategies: A Detailed Guide on Growing Your Savings

Next Post

Genesis Is Closing Its US-Based Cryptocurrency Trading Desk

Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

US Lawmakers Call For SEC Chair To Pause Rulemaking Amid Concerns
Bitcoin News

US Lawmakers Call For SEC Chair To Pause Rulemaking Amid Concerns

September 27, 2023
BlockFi Moves Closer To Repaying Customers As Court Gives The Nod
Crypto Exchanges

BlockFi Moves Closer To Repaying Customers As Court Gives The Nod

September 27, 2023
Celsius Bankruptcy Update: Creditors Overwhelmingly Back Reorganization Plan
Bitcoin News

Celsius Bankruptcy Update: Creditors Overwhelmingly Back Reorganization Plan

September 26, 2023
Mixin Network Falls Victim to $200 Million Security Breach
General News

Mixin Network Falls Victim to $200 Million Security Breach

September 25, 2023
3 Cryptocurrencies To Avoid Trading In The Upcoming Week
Altcoin News

3 Cryptocurrencies To Avoid Trading In The Upcoming Week

September 22, 2023
Crypto Taxes India: WazirX CEO’s Forecast For The Next Two Years
Bitcoin News

Crypto Taxes India: WazirX CEO’s Forecast For The Next Two Years

September 22, 2023
Next Post
Genesis Is Closing Its US-Based Cryptocurrency Trading Desk

Genesis Is Closing Its US-Based Cryptocurrency Trading Desk

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    201 shares
    Share 80 Tweet 50
  • XRP’s Path To Success: 3 Reasons Ripple Could Explode In 2023

    197 shares
    Share 79 Tweet 49
  • Elon Musk’s Silence And Its Impact On DOGECOIN

    194 shares
    Share 78 Tweet 49
  • 3 Cryptocurrencies To Avoid Trading In The Upcoming Week

    194 shares
    Share 78 Tweet 49
  • Grayscale vs. SEC Decision Boosts XRP

    194 shares
    Share 78 Tweet 49
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2023 CryptoMufasa - All Rights Reserved!

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2023 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.