Biggest Korean Cities Aim to Turn Into Crypto Hubs

  • Yuri Molchan
    📰 News

    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


Biggest Korean Cities Aim to Turn Into Crypto Hubs

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.

Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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