South Korea launches the services of the banking application encryption star-news.press/wp

author

Tim Alper

author

Tim Alper

About the author

Tim Alper is a British journalist and a work feature writer in Cryptonews.com since 2018. He has written for media outlets such as BBC, Guardian, and Chosun Ilbo. He also worked …

Involve

Last update:

July 17, 2025

Why confidence cryptonews

Cryptonews has covered the subjects of coded currency since 2017, with the aim of providing useful visions to our readers. Journalists and analysts have extensive experience in market analysis and Blockchain technologies. We strive to maintain high editing standards, focusing on realistic accuracy and balanced reports in all fields – from encrypted currencies and Blockchain projects to industry events, products and technological developments. Our continuous presence in the industry reflects our commitment to providing relevant information in the world of advanced digital assets. Read more about Cryptonews

Shinhan Bank has launched South Korean giant Shinhan Bank a set of encryption services on the Sol smartphone application.

South Korean media Field news She stated that Chenhanhan’s services will include the actual time monitoring tools for a set of encryption. It will also include preliminary evidence designed for encryption investors for the first time.

Shenhan Bank: The first appearance of encryption services

Although new jobs will not allow Shinhan customers after purchasing or selling encryption directly via the Sol application, this step is an important upward step for financial homes.

No other local bank has launched a similar service, although it is believed that some of them are working on encryption projects.

Currently, only five local encryption exchanges have obtained the permits needed to provide KRW-Crypto pairs.

Banks are not yet allowed to provide encryption services. However, some (including Shenhan) previously explored the possibility of launching encryption nursery services.

The new Sol Crypto resources include actual time encoding tool, preliminary evidence and competitions for novice investors, and professional news services and services.

Sol Bank is smart banking services, financial services and investment in Shenhan. Shinhan launched the application in 2018 when it stopped many of its independent apps and announced that Sol will be a new unified platform.

Customer protection escalation is essential – Shenhan

The bank said that its new resources will help increase consumer protection and help customers better understand how Cryptoassets work.

Shenhan added that he wanted to help customers make information -based investments. She hoped to provide easy -to -understand materials for customers who are not aware of the encryption scene, with “consumer protection”.

But the bank has already indicated that it is ready to move forward in the near future, by integrating some jobs with its partner in the exchange of encryption.

These will eventually allow customers to buy and sell coins on Korbit via the Sol app. Merchants will also be able to check the coding wallet balances from the Sol platform.

STABLECOIN offers

The media outlet added that the Shenhan Bank launched a workforce dedicated to digital assets at the beginning of this year.

The work squad was charged with developing and launching a group of assets related companies. To date, the connection of the external transfers based on Stablecoin.

It also works on the border payment settlement project. Chenhanhan also joined South Korea’s madness, by registering the brand application for the contestants in KRWSH.

In May, at the same time, Korbit announced that it had started promoting transactions services for companies in conjunction with the Bank of Chenhanhan.

While South Korean companies are still not allowed using their public budgets to purchase encryption, it is scheduled to change later this year.

The Financial Services Committee revealed a road map that will ultimately allow the major South Korea companies to invest in Bitcoin (BTC) and other symbols.