Korean Banks are Holding Nearly $2 Billion in Crypto Like Bitcoin and Ethereum

in #yo • 6 years ago

Korean Banks are Holding Nearly $2 Billion in Crypto Like Bitcoin and Ethereum

Yonhap, a mainstream media outlet in South Korea, reported that commercial banks in the country are holding nearly $2 billion USD worth of cryptocurrencies.

“Shinhan is testing a virtual bitcoin vault platform wherein the private keys of bitcoin addresses and wallets are managed and issued by the bank. The bank intends to provide the vault service for free and charge a fee for withdrawals.”

6 years ago in #yo by
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