Korean Banks to Allow Crypto Trading Again

• Finance
• Watchlists
• My Portfolio
• Cryptocurrencies
• Yahoo Finance Plus
• Screeners
• Markets
  • Options: Highest Open Interest
    Options: Highest Open Interest
  • Options: Highest Implied Volatility
    Options: Highest Implied Volatility
• News
• Personal Finance
• Videos
  • Influencers with Andy Serwer
    Influencers with Andy Serwer
  • Yahoo Finance All Markets Summit
    Yahoo Finance All Markets Summit
  • America: Back in Business
    America: Back in Business
• Yahoo U
• Industries
• Tech
• Contact Us

U.S. markets open in 28 minutes

• S&P Futures

• Dow Futures

• Nasdaq Futures

• Russell 2000 Futures

• Crude Oil

• Gold

• Silver

• EUR/USD

• 10-Yr Bond

• Vix

• GBP/USD

• USD/JPY

• BTC-USD

• CMC Crypto 200

• FTSE 100

• Nikkei 225

First S.Korean bank issues crypto accounts for corporations

Shinhan Bank became South Korea's first domestic lender to trial real-name corporate accounts for cash-to-crypto transactions, paving the way for an institutional crypto boom in the peninsula.

See related article: South Korean banks find workaround to cash in on crypto services

Fast facts

• Local regulations permit only licensed and bank-partnered crypto exchanges to offer cash-to-crypto services in South Korea.

• Businesses under Shinhan's corporate account trials can invest in cryptocurrencies through the bank's partner exchange Korbit.

• Banks have been steering clear of opening crypto trading accounts for corporates due to money laundering concerns, citing difficulties in identifying proxy investments from firms.

• The bank said it eliminates such risks by mandating businesses entrust crypto in the Shinhan-backed custody service KDAC (Korea Digital Asset Custody).

• Corporations selected by the bank for the trial run are members of KDAC.

• In South Korea, there are 4,426 corporate investors trading in crypto-to-crypto exchanges after acquiring assets overseas or via P2P trades, according to the Financial Services Commission.

See related article: South Korean banks seek green light on crypto

• 
• 

  3 Monkeypox Stocks That Soared Last Week

  During the week ended May 21, the World Health Organization (WHO) said it had found about 120 cases of confirmed or suspected monkeypox, a dangerous viral infection related to smallpox. Monkeypox is endemic to central and west African countries, but the WHO keeps finding it in around a dozen countries where we aren't used to seeing monkeypox. Since many of the new cases aren't associated with travel to monkeypox hot spots, it's highly likely that it's already spreading through communities.

• 

  AdCharacters That Stunned Fans After Being Replaced

  When a TV show decides to replace an actor, the fans are usually not too happy. Here's our list of 10 most shocking cast replacements

• 
• 

  Stock Selloff to Intensify as Fresh 10% Plunge Looms, Survey Finds

  (Bloomberg) -- Get ready for a fresh slump in the world's most-watched stock index, as economic growth fears spiral and the Federal Reserve embarks on its biggest policy-tightening campaign in decades.Most Read from BloombergWalmart's Troubles Should Have Everyone on High AlertBroadcom in Talks to Acquire Cloud Company VMwareStocks Rise on Biden Tariff Comments; Dollar Drops: Markets WrapA $5 Trillion 'Wealth Shock' Is Cracking Americans' Nest EggsHow an Energy Expert Triggered Vladimir Putin Wi

• 

  AdThe Most Talented Rock Bands In History

  Prepare yourself to a ride of nostalgia, as we review some of the bestAmerican bands of all time

• 

  AdBoy Reels In 25-Year-Old Purse While Fishing

  Boy Fishes Old Purse And Is Staggered When He Discovers What The Bag Contains

• 

  AdBeautiful Women are Waiting

  Meet Chat Partners & Date Live. Find Beautiful Women Today. Chat Now!

• 

  These 2 Tech Giants Just Declared Dividend Raises. Are They Buys?

  It's sometimes hard to believe that Apple, which reinstated its quarterly dividend to much fanfare after suspending it way back in 1995, has been consistently paying out a dividend for nearly 10 years now. In its most recently reported quarter, services -- a comparatively higher-margin category -- notched an all-time record for net sales, at just under $20 billion. Apple has been relatively resilient during the current Great Tech Stock Sell-Off, holding its value better than many of its peers.

• 

  Ad15 Old Things In Your House That Worth a Fortune

  Items You Thought Worth A Fortune But Actually Are Worthless Today

• 
• 

  Citing shootings, NY fund urges votes against Twitter and Meta directors

  New York State Comptroller Thomas DiNapoli is calling for votes against directors at Twitter Inc and at Facebook parent Meta Platforms Inc at their upcoming annual meetings, saying both companies failed to enforce their standards against harmful content including from a mass shooting in Buffalo, N.Y. on May 14. In letters seen by Reuters and sent to each companies' boards ahead of events both scheduled for May 25, Thomas DiNapoli, who oversees New York's pension fund, cited the companies did not remove video clips and screenshots of the shooter's livestream, and his alleged racist manifesto, from their platforms.

• 

  Ad12 Foods You Can Eat a Lot of Without Getting Fat

  List Of Healthy Foods You Can Eat Without Gaining Any Weight

penningtonhiserfuld1935.blogspot.com

Source: https://finance.yahoo.com/news/first-korean-bank-issues-crypto-032606409.html

Share this post