Bithumb exchange is going to invest $8 million in a regulation-free cryptocurrency zoneSouth Korean city of Busan.
South Korea – one of the few countrieswhich has seriously taken up blockchain development at the state level. Last year, the city of Busan was declared a zone dedicated to the promotion and development of blockchain initiatives aimed at developing tourism, the financial sector, infrastructure and public safety. In two years, the special zone attracted $25 million in investments.
According to the local news outlet,Bithumb, a major cryptocurrency exchange, is investing $ 8 million in the Busan zone through its subsidiary GCX Alliance. Korea Financial Services Commission plans to develop a partnership plan with Bithumb by the end of January.
The article states:
The regulator expects Bithumb to launch several blockchain projects in Busan.
Based on materialscointelegraph.com
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