Samsung may be doubling down on its crypto efforts. The company is reportedly planning to launch a cryptocurrency exchange platform next year, under the Samsung Securities division. It already offers a Blockchain Wallet for Galaxy users to securely store their virtual assets.
According to the Korean media, Samsung’s latest push into the crypto market is driven by President Yoon Suk-yeol’s pro-crypto stance. The newly-elected President of South Korea is encouraging domestic companies and investors to invest more in cryptocurrencies and virtual assets. He has even increased the minimum taxable income from digital trading, giving more room for growth to small investors.
President Yoon’s push into this sector may also have something to do with dozens of domestic digital trading platforms shutting their operations last year. Under the leadership of former President Moon Jae-in, South Korea’s Financial Intelligence Unit (FIU) enforced new cryptocurrency regulations in September 2021. More...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...