Friday 6 July 2018
A new report by South Korea’s central bank has found that local financial institutions are still lukewarm to cryptocurrency – despite hodling close to $2 billion worth of digital coins. When compared against the sum total of all institutional investments, cryptocurrencies accounted for 8 percent of the roughly $23 billion managed under brokerage in South Korea, Yonhap News reports. It’s worth noting that the numbers cited in the report concern investments made as of December last year. But despite $1.8 billion worth of crypto-money in their vaults, financial giants remain reserved about the future of the crypto-asset market. “The amount…
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