The South Korean National Pension Fund has been indirectly investing billions of won in cryptocurrency exchanges such as Upbit, Bithumb, and Korbit. This was revealed amid the country’s regulators continually releasing regulatory measures for cryptocurrencies.
Amid South Korean regulators pushing to regulate the country’s cryptocurrency market and the Ministry of Justice drafting a bill to ban crypto trading, local media report that the country’s National Pension Service (NPS) has been indirectly investing in cryptocurrency exchanges.
South Korea’s NPS is the world’s third-largest pension fund. It was established in 1987 to “help secure the retirement benefits of Korean citizens with income security, thereby promoting national welfare in the case of retirement, disability or death,” its website states.
Source :
https://news.bitcoin.com/south-korean-national-pension-fund-invests-crypto-exchanges/
