Biggest Korean Cities Aim to Turn Into Crypto Hubs

The key South Korean city after the country capital Busan's mayor is aiming to turn the city into a “Crypto Valley” of the country, similarly to Zug in Switzerland

Thu, 16/08/2018 - 12:11

Biggest Korean Cities Aim to Turn Into Crypto Hubs

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The mayor of Busan, the key South Korean city after the capital has announced that he is aiming to turn the city into a “Crypto Valley” of the country, similarly to Zug in Switzerland. The mayor believes he and his team could set up a favorable crypto environment.

Also, the island of Jeju has publicized plans to turn itself into a “crypto island,” following the model of Malta. Jeju is legally able to follow its own regulations regarding digital assets without having to follow what the Korean federal government says.

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Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.