Korean banks still bearish on cryptocurrency – despite holding $1.8B worth of it

A new report by South Korea’s central bank has found that local financial institutions are still lukewarm to cryptocurrency – despite hodling close to $2 billion worth of digital coins. When compared against the sum total of all institutional investments, cryptocurrencies accounted for 8 percent of the roughly $23 billion managed under brokerage in South Korea, Yonhap News reports. It’s worth noting that the numbers cited in the report concern investments as of December last y