South Korean National Pension Fund Indirectly Invests In Crypto Exchanges
From Bitcoin.com
The South Korean National Pension Fund has been indirectly investing billions of won in cryptocurrency exchanges such as Upbit, Bithumb, and Korbit. This was revealed amid the country’s regulators continually releasing regulatory measures for cryptocurrencies.Read more: https://news.bitcoin.com/south-korean-national-pension-fund-invests-crypto-exchanges/Investments In Crypto Exchanges
South Korean National Pension Fund Indirectly Invests In Crypto ExchangesAmid South Korean regulators pushing to regulate the country’s cryptocurrency market and the Ministry of Justice drafting a bill to ban crypto trading, local media report that the country’s National Pension Service (NPS) has been indirectly investing in cryptocurrency exchanges.South Korea’s NPS is the world’s third-largest pension fund. It was established in 1987 to “help secure the retirement benefits of Korean citizens with income security, thereby promoting national welfare in the case of retirement, disability or death,” its website states.
Lee Chan-yeol, an NPS officer, was quoted by News1 on Thursday:
The National Pension Fund invested 2.6 billion won in four cryptocurrency exchanges through two venture capital funds.
Well this is some interesting news out of Korea after a few weeks of nothing but FUD from the 3rd largest crypto trading market on the planet. This news helps soothe concerns about crypto's longevity on the Korean peninsula. Once the institutions are on board we're here to stay!
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That’s strange but I can be good right?
Very interesting, especially given the last few weeks live you've mentioned. Hopefully this makes more news sources to alleviate the FUD we've been seeing. I wish South Korea came out with a few more statements regarding what happened and how there will be no banning of cryptocurrency. Nonetheless, great post and thanks for the insights!
It was all FUD from the beginning.....It's called manipulating markets, to suit their interests. It's the same game they have played forever. Some things never change!
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My friend has given good news i like post
Eventually Korean goverment will be forced to what majority people want.
I also heart the news before see the post
lol
I remember the fud when governement 'wanted' to ban cryptos lol
BTC and cryptos are just unstoppable, big financial groups are in lol
This post has received a 4.73 % upvote from @boomerang thanks to: @contentjunkie
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