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KB Kookmin Bank
Korea Crypto Tax Postponed, CoinDCX Looks to IPO
Korea’s KB Kookmin Bank develops virtual banking services. Imposition of Korea’s crypto tax postponed. India’s CoinDCX looking to IPO when legislation allows. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Banks Take on Enterprise Blockchain; WeMade Entrusts Crypto to KODA
Banks are headlining blockchain and distributed ledger technology developments in Singapore as Deutsche Bank and Singapore and Hashtacs, or STACS, announce the completion of Project Benja, which tested an end-to-end bond lifecycle management. In Korea, game developer WeMade is entrusting its USD $130 million crypto holdings to the Kookmin bank-backed custody service KODA.
South Korean Banks Set to Serve Crypto; Chia Drives SSD Shortage
One of South Korea’s largest banks, KB Kookmin Bank, has launched Korea Digital Assets (KODA), an over-the-counter and custody service aimed at institutional crypto investors. Experts say that the bank is likely testing the waters to see how the government reacts.