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
Cover image via u.today

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.

Subscribe to the official U.Today Telegram channel. Get news first!

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.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings