Korean Commercial Bank and atomrigs laboratory signed a memorandum of understanding to discuss encryption asset managementPosted by Monroe Sharma on February 13th, 2021 click the top "blue words" to follow along with us! comments: KB KOOKMIN BANK, an important commercial bank in South Korea, signed a memorandum of understanding with atomrigs lab, a blockchain technology company, to jointly explore solutions for digital asset management and protection. According to Yonhap news, the South Korean news media, the memorandum of understanding was signed in Seoul on June 10. The agreement will concur that the two partners will concentrate on the growth of the digital asset market and new encryption related businesses. KB KOOKMIN BANK, a significant commercial bank in South Korea, has signed a memorandum of understanding with atomrigs lab, a blockchain technology company, to jointly explore solutions for digital asset management and protection. according to Yonhap news, the South Korean news media, the memorandum of understanding was signed in Seoul on June 10, which will confirm that the 2 partners will concentrate on the growth of the digital asset market and new encryption related businesses. atomrigs lab is a company devoted to the development of blockchain in the financial industry, and has been focused on using the next generation encryption technology to build up digital asset protection technology predicated on blockchain. the report highlights that the 2 companies will further cooperate to build up digital asset management services, using atomrigs LAB technology and KB KOOKMIN BANK's internal control infrastructure and data protection technology. another important area of cooperation may be the establishment of an ecosystem that can connect the blockchain and the financial sector. as Yonhap wrote, KB? KOOKMIN uses the acronym "ABCDE" to recognize its core technology focus - representing artificial intelligence, blockchain, cloud, data and ecosystem. It really is reported that the lender has made promoting digital transformation a priority last year. KB KOOKMIN BANK was subject to regulatory review by the South Korean financial regulatory authority (FSS) a year ago. In a joint overview of the bank and its particular domestic institution, nonghyp bank, the FSS criticized the two banks for managing cryptocurrency transactions with regards to anti money laundering regulations. it really is worth noting that the following improvement sequence of FSS is only applicable to the accounts which have signed the contract with the true name verification service, although not to the cryptocurrency exchange accounts. the bank was once susceptible to inspection by the Korea Financial Services Commission within some strict compliance checks on domestic banks serving encrypted transactions. this article only represents the author's personal views, will not represent the position of blockchain pencil, will not constitute an investment proposal, and this content is for reference only. three minutes to understand exactly what is a blockchain? (Chinese animation) | (English animation course) three minutes to understand what Dao is? 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