💰SWF – Sovereign Wealth Fund
Korea’s NPS Invests In Crypto Exchanges Amid Crackdown
South Korean news outlets have reported that South Korea’s National Pension Service (NPS) has unwittingly invested roughly US$ 2.4 million in four local cryptocurrency exchanges – Korbit, Upbit, Coinplug, and Bithumb – even as regulatory officials move to subdue the unbridled enthusiasm for crypto trading that has flourished in the tiny country.
The US$ 550 billion pension scheme invested in the cryptocurrency exchanges indirectly through two venture capital funds handled by external managers with exclusive rights over asset allocation, according to an NPS officer.
SWFI – Sovereign Wealth Fund Institute
https://www.swfinstitute.org/swf-news/koreas-nps-invests-in-crypto-exchanges-amid-crackdown/