Custody Is Key To Crypto's Rapid Growth According To Korea's Institute of Finance

The Director of Korea's Institute of Finance Gong-pil Choi has said that custody in crypto is a crucial to eliminate the hacking fears and to facilitate the growth of the market.

He emphasized that the management of public keys and crypto wallets is burdensome and difficult for normal investors.

Traditional assets have custody because of the risk involved in maintaining ownership of the asset, and so that is how traditional investors are looking for.

Choi believes that in a short period of time, the crypto custody industry will grow rapidly as investors seek for regulated and secure ways to invest in emerging asset class.

Bithumb Strengthens Communication With Global Customers

Bithumb is a South Korean based cryptocurrency exchange with 4.3 million users from 125 countries worldwide.

The exchange plans to strengthen its communication to its customers worldwide through supporting six language systems on its official website including English, Japanese, Chinese, Spanish and Hindi, to provide a more convenient service to its community.

It is also offering a 24-hour one-on-one inquiry service for foreign users thru an online inquiry board, and a consultative phone service with 300 professional consultants in the team - the biggest in the country.

Moreover, Bithumb operates various SNS services to strengthen its communication with its clients.

It provides several announcements, promotions and even professional customized information regarding blockchain and cryptocurrency in real time through SNS channels.

In addition, Bithumb is also holding an event for newly registered foreign users this December 20 until January 21 where they will be giving away Bithumb cash worth 20,000 won for members with accumulated trade volumes of 20M won or more.

Cryptocurrency Ban In India Is Likely To be Lifted In 2019

There has been a long-running saga about cryptocurrency legalization in India.

The country was notably one of the early adopters of Bitcoin and although the Reserve Bank of India (RBI) issued warnings about cryptocurrencies, Indians continue to intensely embrace it, prompting RBI's increasing animosity towards it.

However, according to reports, the government formed committee debating on the legalization of crypto are in favor of making it legal, although with strong regulations.

The committee is set to submit its recommendations to the Finance ministry this coming February 2019, after two conducted meetings.

A general consensus was made that crypto cannot be dismissed as totally illegal but needs to be legalized with strong riders, as per reports say.

Therefore, this means that India might see crypto legalization this coming new year, although with strong regulations.

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