According to TechFlow, SBI Digital Markets, the cryptocurrency division of Japan's SBI Holdings, appointed former Bank of Korea official Jai Yung Byun as chief advisor to expand its business in South Korea.

Byun has held several leadership positions at the Bank of Korea and has provided consulting services to SBI Digital Markets since 2023. Winston Quek, CEO of SBI Digital Markets, said Byun's experience will help the company expand in the Korean market and improve compliance standards.