Second Largest Bank In South Korea Supports Cryptocurrency Exchanges, Relieves Traders
After Kookmin Bank, the biggest financial institution in the country has stopped supporting cryptocurrency exchanges, many investors were concerned about the abrupt decision of the bank.
Kookmin provides services to two of the biggest cryptocurrency exchanges in South Korea, Bithumb and Korbit, and lot of people feared that other banks would follow the decision too.
Fortunately, Shinhan Bank, the second largest bank in South Korea replaced Kookmin to support deposits and withdrawals to Korbit exchange.
With the positive news, traders were relieved and believed that cryptocurrency ban is far from happening.
OKCoin Reportedly To Launch Exchange To South Korea
Beijing--based cryptocurrency exchange OKCoin is reportedly eyeing to launch in South Korea and could possibly happen as soon as next month.
News say that they are working on a partnership with NHN Entertainment, a South Korean developer, publisher and distributor of PC and monile games, for the venture.
With the current restrictions on cryptocurrencies in SK, OKCoin Korea CEO Cho Jung-hwan assured that they are compliant with all the SK regulatory requirements and there would not be any problems.
Headlines for the world of Cryptocurrencies - January 21, 2018A Bill To Require SK Officials To Declare Their Crypto Investments Is Introduced / European Central Bank To Discuss Cryptocurrency and Blockchain With Youth |
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Headlines for the world of Cryptocurrencies - January 20, 2018Chinese District Court Dismissed Lawsuit Against Cryptocurrency Exchanges In The Country / The Miami Bitcoin Conference This Week Showed Lots Of Optimism |
Headlines for the world of Cryptocurrencies - January 19, 2018Federal Reserve Bank Of St. Louis Sees Cryptocurrencies As Important As Asset Class And Bitcoin As Gold / A New Bitcoin Mining Facility In The U.S. Is Considered Among The largest Data Centers In North America |
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