Search results for AhnLab Blockchain Company
Crypto
AhnLab Blockchain Company launches ABC Cloud Wallet digital asset custody service
AhnLab’s blockchain subsidiary AhnLab Blockchain Company (ABC) has officially opened ABC Cloud Wallet, a custody service supporting the storage and management of digital assets, it said on June 1. The service can be applied for and used online by individuals, companies, institutions and foundations. It is designed to let companies and institutions manage operating authority and policies in line with internal standards, and includes multi-layer security, transaction monitoring and financial linkage expansion.
Crypto
Stablecoin land grab by financial firms as digital asset framework law delayed
With legislation on South Korea\'s Digital Asset Framework Act delayed, traditional financial firms are moving to secure a foothold in the stablecoin market. Banks and card companies are signing MOUs with global blockchain and payment infrastructure firms and conducting proof-of-concept tests. Several bills remain pending in the National Assembly, while key rules such as issuance requirements, reserve regulation and user protections are not yet detailed. Industry officials expect rivalry to intensify as delays persist.
Crypto
AhnLab Blockchain Company obtains VASP licence
AhnLab’s blockchain subsidiary AhnLab Blockchain Company (ABC) said on Wednesday it has obtained a virtual asset service provider (VASP) licence from South Korea’s Financial Intelligence Unit for virtual asset custody and transfer. ABC said it completed acceptance of its VASP filing for a custody service that stores and manages customer assets and transfers them following internal approval procedures. ABC said the approval provides a legal basis to expand Web3 financial infrastructure services.
