No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Samsung SecuritiesTech investment giant is considering launching its own cryptocurrency exchange next year.
according to Korean local mediaSamsung is not the only major company in the country planning to take a new step in the crypto world. Six other major companies listed on the exchange, including Mirai Asset Securitiesalso has plans to have a crypto trading platform in 2023.
These institutions, which deal directly in securities, have reportedly obtained licenses to perform exchange functions in cooperation with South Korean financial institutions. Discussions are already reportedly in the final stages.
Samsung plans to open its own exchange through Samsung Securities. This is another example of how the company, considered one of the biggest companies in the tech space, is adapting to the cryptocurrency industry.
Samsung launched several initiatives in this regard last year.Developed by a Korean giant wallet Features of the Galaxy line of smartphones, and the TVs they support irreplaceable Token (NFT) and Cardano Exposure (ADA).
Local media now claim their future exchanges are focused on safety token. It’s worth remembering that the company already tried to launch a trading platform for these assets last year, but was unable to move forward with the project due to a lack of specialized experts.
Korea has history strong director of the crypto world. Last year, national regulators banned cryptocurrency trading on more than 60 platforms.These companies had to register and comply with the rules established by FIUsthe largest local financial supervisor to resume activities.
Dozens of exchanges failed to comply with established parameters and closed last year. Nevertheless, he is licensed by Upbit, Bithumb, Coinone and Korbit, his four largest cryptocurrency exchanges in South Korea.
Additionally, the government has stepped up surveillance of exchanges in the wake of the financial collapse. Terra Ecosystem (Luna). It is worth remembering that the leader of the project, Do Kwon, was born in South Korea and is being investigated by local agents.
However, the Asian nation has become more receptive to the cryptocurrency industry after its new president. Yoon Seok Yeol, Appointed in May. Politicians are crypto enthusiasts and have pledged to raise limits on non-payment of taxes on profits from investments in digital assets.
In this sense, allowing large local companies to open their own exchanges could be a big step forward for South Korea to become a cryptocurrency hub on the Asian continent.
Anything to say about Samsung?write us or join our discussion telegram channel. you can also catch up with us tick Toku, FacebookAlso twitter.
All information contained on our website is published in good faith and is for general information purposes only. Readers are strictly at their own risk for any actions they take with information they find on our website.
