Biggest Korean Cities Aim to Turn Into Crypto Hubs

  • {{ content.field_content_author|field_value|getauthorname|raw }}

    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

Cover image via U.Today
3Commas
3Commas

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.

{{ content.field_content_author|field_value|getauthorname|raw }}

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

3Commas
3Commas
Recommended articles
Crypto Criminals Involved in Money Laundering Nailed in Zurich

Crypto Criminals Involved in Money Laundering Nailed in Zurich