According to Odaily, SBI Digital Markets, a cryptocurrency institution under the Japanese banking giant SBI Holdings, has appointed Jai Yung Byun, a former executive of a Korean bank, as its chief advisor. The move is part of the company's strategy to expand its operations in Korea. Byun's role will be to provide advice to strengthen governance and regulatory compliance.
SBI Holdings is a major player in the banking industry in Japan. Its subsidiary, SBI Digital Markets, is making significant strides in the cryptocurrency sector. The appointment of Byun is expected to bolster the company's position in Korea, a market that has shown significant potential for cryptocurrency businesses.
Byun's experience in the banking sector, particularly in Korea, is seen as a valuable asset for SBI Digital Markets. His insights and expertise will be instrumental in navigating the regulatory landscape and ensuring the company's operations are in line with governance standards. This strategic move by SBI Digital Markets underscores the importance of regulatory compliance in the rapidly evolving cryptocurrency market.