Cybervein (CVT) became the first compliance project and landed in hanbitco, one of the six major compliance exchanges in South Korea

Time:2021-10-20

Cybervein (CVT) became the first compliance project and landed in hanbitco, one of the six major compliance exchanges in South Korea

On the 25th of this month, the special fund law will officially enter into force. It is predicted that dozens or up to hundreds of virtual asset exchanges will be eliminated. Hanbitco, a virtual asset exchange with the keyword of “clean virtual asset trading” and has been shouting “market purification” for four years, is one of the six compliance exchanges in South Korea.

It is worth noting that after the formal implementation of the special fund law, cybervein (hereinafter referred to as CVT) is the first compliance project launched in South Korea, which has cross era significance for CVT and the whole Korean exchange market.
Cybervein (CVT) became the first compliance project and landed in hanbitco, one of the six major compliance exchanges in South Korea

“Even if you shake, there will be no dust” CEO marketing “line of sight”
This is a virtual asset exchange that began to provide services in 2018 – hanbitco is an enterprise founded by financial veterans from traditional financial industries such as Merrill Lynch, Credit Suisse and NH securities. In particular, hanbitco is led by Jin Chengya, the only female CEO in the virtual asset trading industry.

Kim, a representative born in 1988, has held important positions in the Korean blockchain Association for several times and led several hearings and seminars before the implementation of the special gold law, laying the foundation of the virtual asset trading market. Most importantly, she used to be a trader in a securities company. Through El Jobby, a global investment company, she is known as the “most powerful person” in the connection between the existing financial market and virtual assets. Picture:Cybervein (CVT) became the first compliance project and landed in hanbitco, one of the six major compliance exchanges in South Korea
Because of this background represented by Kim, hanbitco has a firm foothold in a number of Korean exchanges. They pay more attention to the future of the virtual asset market after the diffusion of the special gold law than to obtain income in the short term. In April last year, in order to strengthen anti money laundering (AML) and customer identification (KYC), the “Dow Jones risk compliance solution” was introduced to build a commercial bank level virtual asset management system.

Thanks to this, hanbitco has obtained the global information security management standard ISO / IEC 27001 certification and the information security management system (ISMS) certification of Korea Internet revitalization Institute (kisa) faster than its competitors. At the same time, it also passed the self regulatory restriction case of the Korean blockchain Association, ranking first among major exchanges in the evaluation of CER (cryptocurrency exchange ratings), a specialized enterprise for security evaluation.

The first project after the Tekin method, CVT has successfully achieved global leapfrogging
On March 24, hanbitco exchange disclosed cybervein (CVT), the first compliance online project. It was announced that in the turbulent environment of the whole market, CVT still soared by more than 10% in a short time, and the price reached a new high. Moreover, CVT has also caused great repercussions in CSDN, the largest developer community in China. The news has settled in the fifth hot search in the platform blockchain field, and the weekly ranking has risen to 143 on the platform. Many programmers, developers and encryption community enthusiasts are also actively paying attention to the compliance and institutionalization of digital currency, and have discussed the relevant laws and regulations of international financial technology.
Cybervein (CVT) became the first compliance project and landed in hanbitco, one of the six major compliance exchanges in South Korea

The reason is that it is not difficult to find the charm of cybervein itself. With its mature smart city solutions and numerous landing cases, cybervein has shown and established a promising and powerful example image for the Korean blockchain market, which has won the attention of the Korean blockchain market, and has become the most popular overseas blockchain project in Korea, which has been highly valued and favored by senior officials and parliamentarians of the Korean government. Former Vice Premier and Minister of science and technology Wu Ming mentioned cybervein smart city solution many times during this speech.

As early as September 2020, cybervein became the first overseas blockchain project recognized by the Korean government, which attracted the attention of many senior politicians such as former vice president Wu Ming of South Korea, and reached cooperation intentions with many of the top 50 enterprises in South Korea. The fields of cooperation involved vertical industries such as smart Finance, smart health care and smart payment.

In addition to obtaining the recognition of senior government officials, more than 10 Korean enterprises have previously offered olive branches to cybervein and hope to join cybervein Dave smart city ecology. Some communication progress has entered the top-level design stage in relevant vertical landing fields, and cybervein Dave solutions are expected to be applied in smart payment, smart finance, smart government and other fields.

Hanbitco and cybervein are well-known overseas blockchain projects in South Korea, which means that more enterprises and users will pay attention to CVT, which is a great deal of good for improving the liquidity and compliance of CVT, promoting the recognition of CVT in the international market and more protecting the rights and interests of investors.

Moreover, the launch of hanbitco exchange is also an important step for CVT to move towards compliance and globalization, which is not only in line with the future construction goal of CVT’s smart city layout, but also in line with the general trend of global economy. CVT is the first international project announced by the government after the compliance of the Korean blockchain industry, which is one of the most iconic milestones of cybervein.
Cybervein (CVT) became the first compliance project and landed in hanbitco, one of the six major compliance exchanges in South Korea
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