Technology giant Samsung may be launching cryptocurrency operations in South Korea. According to reports from local sources, seven major companies, including Samsung, have requested government approval to operate a cryptocurrency exchange. Request Samsung cryptocurrency exchange What you need to know about
Is Samsung opening a cryptocurrency exchange?
The crypto money sector, which has grown quite a lot in recent years, is also on the radar of technology companies. A study that came out last week Samsung, Alphabet, BlackRockIt has shown that it is among the top 40 firms investing in blockchain and crypto. Now it turns out that Samsung wants to expand the business.
five securities companies in South Korea, Samsung Securities and Mirae Asset Securities A total of seven companies, including all companies, have applied for pre-approval to open a cryptocurrency exchange. Joint statement of all companies, in the first half of 2023 revealed that they want to open a stock market.
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We already know that Samsung has been exploring how to enter the Bitcoin and cryptocurrency ecosystem lately. According to recent research, Samsung, which has 13 different investments in the blockchain/crypto industry, is the most active investor.
It’s no surprise that Samsung Securities and the country’s largest investment bank, Mirae Asset Securities, are turning to cryptocurrencies. in May President of South Korea chosen as Yoon Suk-yeolis one of the names that warmly welcomes the cryptocurrency and blockchain industry.
Possible cryptocurrency exchange of the tech giant only to South Korean investors looks like it will be open. However, it should not be ignored that no statement has been received from the company yet and that the application has not been examined.
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