According to the chairman of the Korea Finance Corporation, custody needs to be improved in order for the crypto coins to rise.
The head of the Korean Finance Corporation, Gong-pil Choi, made statements about the crypto coins. Linking the growth of crypto coins to the development of storage services, Choi has interesting facts. According to Choi, the market needs to be protected from risks such as cyber attacks in order to advance the market.
The Korea Finance Corporation can be defined as an institution that investigates and evaluates financial policies to strengthen the financial situation of the country. The company, which is known to act with the government, has recently made statements about crypto coins. President Gong-pil Choi in his statements on the management of Bitcoin open addresses and other issues related to crypto money wallets. Choi argued that the current wallets are burdensome and difficult for ordinary investors.
Storage services in the key role
Brokers and asset managers offer their users the service to store traditional assets because having an asset brings along various risks. It is obvious that such risks are also present in the crypto-currency area.
In his statements, President Choi says the preservation of crypto-money can make a big boom in the short term. According to Choi, investors will be looking for ways to invest in regular and safe ways for this asset class, which continues to rise.
Huge companies in the crypto-money area are also aware of the fact that Choi is expressing. As it is known, Coinbase has rolled up its sleeves to provide reliable storage services to its users. The US-based giant stock market is looking for ways to provide custody services for both individual users and institutional investors.