South Korea’s KEB Hana Bank partners with BitGo, a leader in crypto custody and security, to offer digital asset custody services from 2024. The partnership is expected to enhance consumer protection and trust in South Korea’s digital asset market and improve the quality of Hana Bank’s digital asset custody operations. The collaboration also aims to capitalize on blockchain security technology, backed by BitGo’s recent funding of $100 million.
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Navigating the Future: South Korea’s KEB Hana Bank and Blockchain-based Currency Systems
South Korea’s KEB Hana Bank is actively collaborating with the Central Bank of Korea in developing blockchain-based currency systems and exploring tokenized deposits. The bank is also investing heavily in research related to the crypto sector, including areas beyond traditional banking like real estate. The potential growth of the domestic security token market is predicted to reach $27 billion next year.
The Race is On: The Bank of Korea’s Central Bank Digital Currency Picking Its Pilot Venue
The Bank of Korea is nearing selection of a pilot venue for its central bank digital currency (CBDC). Initially favored to be Seoul, preference has tilted towards Busan, Incheon or Jeju. The project involves close collaboration for CBDC payments and public evaluation, weighing factors like local economy impact and user numbers.
Navigating Turbulence: Crypto Lending, Slumps, and Bold Moves in Blockchain Landscape
“Crypto giant Coinbase unveils its lending platform targeted to institutional investors amidst turbulent crypto market conditions. Meanwhile, Google’s new ad policy will allow promotion of blockchain-based NFT gaming, hinting at further acceptance of digital assets.”