Multiple Major Korean Banks Launch Crypto Asset Custody Services

According to local media reports, KB Kookmin Bank, one of South Korea's largest banks, has collaborated with blockchain venture fund Hashed and cryptocurrency trading platform Cumberland Korea to launch cryptocurrency custody services. Hashed CEO Simon Kim stated in an interview that Korea's cryptocurrency legislation is in the revision period with many uncertainties, and the collaboration between Hashed and KB Kookmin is to adapt to changes in the domestic environment.