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AI & Enterprise
Minnesota to allow banks, credit unions to offer crypto custody services
Minnesota will allow banks and credit unions to provide cryptocurrency custody services starting on Aug. 1. Cointelegraph reported that Governor Tim Walz (팀 월즈) signed House bill HF 3709. Under the new law, Minnesota-based banks and credit unions can offer certain crypto custody services on a non-trust basis and may use external service providers or sub-custodians. Customer funds must be legally and operationally segregated from the institutions’ assets.
Finance
Shinhan Bank expands support to prevent lease fraud, subsidises guarantee fees for youth and vulnerable groups
Shinhan Bank said on Wednesday it will run a financial-cost support programme to help prevent jeonse lease fraud and strengthen housing stability for tenants. The programme subsidises fees for deposit-return guarantee products, including HF Jikim Guarantee and HUG Return Guarantee, for eligible customers. It targets youth born from 1991 to 2006, multicultural families and households including a person with a disability. The programme runs through Nov. 30, with support capped at 300,000 won per person.
Finance
K Bank runs event to support up to 1 million won in interest on Akki-e Bogeumjari loans
K Bank said on Tuesday it will run an interest-support event worth a total of 50 million won for customers using the Korea Housing Finance Corp’s policy financing product Akki-e Bogeumjari loans. The event runs through April 24 for customers who execute the loan, with 50 winners receiving 1 million won each. The lender also said it will cut rates on apartment-backed loans and jeonse loans.