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South Korea will support the "normal" cryptocurrency trade

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South Korea, it seems, is softening its position regarding the trade in cryptocurrencies. According to Yonhap News, Choe Heung-sik, head of the Financial Supervision Service, said that the government "will support crypto-trade in the performance of normal transactions." Cho also said at a meeting with representatives of crypto-exchanges that the government would "encourage" banks to work with stock exchanges.

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Revenues of South Korean banks from the accounts of crypto-investors increased 36 times in a year

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Revenues from commissions of South Korean banks that provide accounts to clients of crypto-exchanges increased 36 times compared to the previous year. Such data was obtained by the Financial Services Commission of South Korea (FSS) as a result of verification of six banks - Woori Bank, KB Kookmin Bank, Shinhan Bank, Nonghyup Bank, Korea Development Bank and Industrial Bank.

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More than 30% of working Koreans invest in Cryptocurrencies

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The South Korean online portal for employment Saramin interviewed 941 employees and found out that 31.3% of them invested in cryptocurrencies. The average investment volume was 5.66 million won ($ 5,300). Of the surveyed employees who invested in the cryptocurrency, 44.1% invested less than 1 million won, 18.3% - 1-2 million won, 9.8% - 2-4 million won, 7.8% - 4-6 million won, 12.9% - more than 10 million won. 54.2% of respondents said they invested in cryptocurrency because I think this is the fastest way to earn, and 47.8% said it was an easy investment, as the amount was insignificant.

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