Earlier this month, the South Korean multinational Samsung announced that its brokerage arm was looking to create a crypto exchange next year.
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This is not the first attempt. Last year, Samsung Securities tried to establish a crypto exchange but was beset by multiple challenges, including a lack of local employees.
But now, Samsung Securities said that it’s working on a licensing agreement with the government and also undertaking a study to make a plunge into the blockchain and crypto industry.
Samsung has waded into blockchain in full force over the last few years. In January, it opened up shop in the metaverse game Decentraland. Its smart TVs got NFT integration through a partnership with Nifty Gateway this May, and the Galaxy S22 Smartphone showed off a commemorative NFT to mark its release this year.
In early June, Samsung also launched Asia’s first global blockchain...
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