South Korea’s Shinhan Bank joins Klatyn Governance Council

South Korea’s Shinhan Bank joins Klatyn Governance Council
ôîòî ïîêàçàíî ñ : coinjournal.net

2021-7-6 13:44

Shinhan Bank is the first traditional financial institution in Korea to join the council, which already includes Celltrion and LG Electronics

Public blockchain platform Klatyn announced yesterday that Shinhan Bank, one of south-east Asia’s largest banks, had joined the platform’s Blockchain Governance Council.

Based in Seoul, Shinhan Bank is Korea’s oldest bank. With more than 1,000 branches globally and 176.9 trillion KRW ($156 billion) in assets under management, Shinhan Bank is one of the largest private financial institutions in Korea. Since 2017, the bank has also been developing blockchain-based financial services, such as derivative settlements, retirement pensions and government policy loans.

Klatyn is the blockchain platform of the South Korean mobile platform Kakao and launched its mainnet in June 2019. The project’s aim is to trigger mass adoption of blockchain services by providing blockchain applications (BApps) with flexible scalability and high performance.

Many projects have since been built on Klatyn, including video service Antube, image-based SNS service Pibble, and blockchain-powered games Klatyn Knights and Axie Infinity.

At the same time, the Klatyn Governance Council was formed, comprising 19 global industry leaders from the sectors of finance, IT, content, games and telecommunications. Council members are responsible for consensus node operation, platform governance and ecosystem growth, and include some of Asia’s largest companies, such as Celltrion, Netmarble and LG Electronics.

Shinhan Bank is the first Korean traditional financial institution to become a member of the Klatyn Governance Council and will be an important decision maker for the blockchain project.

Klatyn aims to be transparent in order to help drive blockchain adoption, and having Shinhan Bank on its council gives its users confidence that the blockchain platform is in compliance with regulations.

As well as joining the Klatyn Governance Council, Shinhan Bank will also be aiming to develop the fintech ecosystem by building various Klatyn-based digital services.

Klatyn has already been widely adopted by the Korean public and the team sees the possibility for global adoption of KLAY – the project’s utility token. KLAY is currently being farmed on Binance Launchpool and rose by 4% this morning, before returning to $1.02 at time of writing.

The post South Korea’s Shinhan Bank joins Klatyn Governance Council appeared first on Coin Journal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Time New Bank (TNB) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.01 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0020147 (-100%)

bank council shinhan korea klatyn south joins

Èñòî÷íèê: coinjournal.net

bank council → Ðåçóëüòàòîâ: 44


Ôîòî:

US Government Concerned China’s Digital Yuan Could Threaten Dollar as the World’s Dominant Reserve Currency

The U.S. government is reportedly concerned that China’s digital yuan could threaten the U.S. dollar’s status as the world’s dominant reserve currency. Officials at the Treasury, State Department, Pentagon, and National Security Council are increasing their efforts to understand the implications of China’s central bank digital currency. Digital Yuan Could Be a Threat to US […]

2021-4-14 19:15


Ôîòî:

Brazil: Authorities Investigating Banks that Close Crypto Exchange Accounts

The Administrative Council for Economic Defense (CADE), Brazil’s antitrust watchdog, elected to revisit the probing of some banks who closed the bank accounts belonging to local crypto exchanges.   Antitrust Agency Probes Banks’ Closure of Crypto Exchange Accounts According to a report by Finance Magnate on Thursday (May 21, 2020) the CADE moved to continue itsRead MoreRead More.

2020-5-21 17:00


Facebook’s Libra could give birth to a ‘shadow banking’ system, claims United States’ Federal Advisory Council

At this month’s Federal Advisory Council meeting, the United States’ biggest banks (including CEOs Rene Jones of M&T Bank Corp. , Beth Mooney of KeyCorp, and Brian Moynihan of Bank of America Corp) were asked by the Federal Reserve about their thoughts on Libra, the stablecoin proposed by social media giant Facebook.

2019-10-2 18:45


China Unbans Bitcoin? ‘Occasional’ P2P Exchange is Legal, Says Lawyer

“Sporadic” P2P Bitcoin trading is likely legal in China, a senior lawyer told the national press in unusually optimistic comments this week. Keep Bitcoin Exchange ‘Occasional’ in China Speaking to BJ News, Sa Xiao, Council Member at the Bank of China Law Research Association, argued that China’s current regulation of virtual property includes the right to trade it as the owner sees fit.

2019-5-22 12:00


Indian Central Bank Being Pushed to Include Crypto in its Regulatory Sandbox

NASSCOM: Including crypto would help RBI develop a better understanding of risks Payments Council of India says crypto should be a part of the sandbox as there is no outright bank  Technology industry lobby groups along with startup founders are asking the banking regulator, Reserve bank of India to include cryptocurrency in its proposed regulatory […]

2019-5-16 20:28


Indian Officials Consider Ban on “Private Cryptocurrencies”

Agents of the Indian government have met to formally discuss a possible ban on private cryptocurrency holdings in the nation. On October 30, 2018, the Financial Stability and Development Council (FSDC) issued a press release detailing their recent meeting where they “reviewed the current global and domestic economic situation and financial sector performance.

2018-11-1 22:37


Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Kraken’s CF Benchmarks hits 50% dominance on crypto ETF market

Kraken’s CF Benchmarks achieves dominance in the crypto ETF market with $24 billion in reference data, gears up for expansion amid unprecedented demand surge. CF Benchmarks, a branch of the cryptocurrency exchange Kraken, is making big gains from this year’s…

Crypto Crackdown In South Korea: New Unit To Hunt Down Criminals

South Korea, a nation long enamored with cryptocurrency, is tightening its belt on the digital asset frontier. Faced with a surge in crypto-related crimes, the country is bolstering law enforcement and implementing its first-ever comprehensive crypto regulation, set to take effect in July 2024.

Regulatory Drama: Why Crypto.com Postponed Its Big Move Into Korea Days Before Launch

Crypto.com, a global crypto exchange, recently postponed its much-anticipated retail market expansion in South Korea, originally scheduled for April 29. This strategic decision came just six days before the planned launch, and according to the report, this delay is due to the company’s need for more comprehensive engagement with local regulatory bodies. Related Reading: South Korean […]