cryptonews.net
South Korean bank KEB Hana Bank, the country's financial giant, has announced a strategic agreement with well-known cryptocurrency custody service provider BitGo. The agreement was announced during the Korea Blockchain Week event held in Seoul. KEB Hana Bank will seek to use BitGo's custody infrastructure for its cryptocurrency operations, with these services expected to become available in the second half of 2024.
This is just the latest episode of KEB Hana’s growing interest in the digital asset sector, with the bank also working with the Bank of Korea with regards to central bank digital currencies (CBDCs) and stablecoin discussions, according to reports.
According to a recent survey published by Consensys and YouGov, South Koreans rank among the top in the world in terms of awareness of cryptocurrencies, with 63% of the population responding that they know what digital assets are. This collaboration is also in line with South Korea's ambition to dominate the cryptocurrency space and attract established industry players such as BitGo.
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