Kookmin Bank (KB Bank) in south korea for retail investors to cryptocurrencies It is preparing to become the first bank to offer investment options.
KB Bank, which is among the largest banks in the country, is the country’s first crypto investment fund announced that it will start
In this context, KB Bank funds traded on the stock exchange (ETPsannounced that it has established a “Digital Asset Management Preparatory Committee” to determine the products and strategies for digital asset mutual funds.
Honggun Kim, Chairman of KB’s cryptocurrency He stated that they aim to be the first corporate financial institution to launch digital asset products in South Korea when the regulations regarding their units come to the level of crypto fund launching.
“We will create a fund linked to cryptocurrencies. In this context, we plan to publish periodicals as well.”
As a result of local regulations in South Korea, its banks are currently restricted from providing direct cryptocurrency trading services.
With this move, KB Bank is a Singaporean bank that recently announced that it will launch retail crypto investment products. DBS following.
DBS Bank CEO Piyush Gupta said on February 14 that the bank will launch a cryptocurrency trading facility for retail users towards the end of the year.
*Not investment advice.