South Korean Island Could Become Blockchain Hub After Major Push From Its Governor

Won Hee-ryong, governor of South Korea’s Jeju province that encompasses the country’s biggest island, met with President Moon Jae-in on Aug. 30 to discuss job creation

Thu, 30/08/2018 - 16:16

South Korean Island Could Become Blockchain Hub After Major Push From Its Governor

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Won Hee-ryong, the governor of South Korea’s Jeju province that encompasses the country’s biggest island, met with President Moon Jae-in on Aug. 30 to discuss job creation. During the meeting, he argued that Jeju Island could easily become next major Blockchain hub and called for corresponding legislative actions that would create an incentive for companies to host their ICOs there.

Won claims that many countries in the likes of China took prohibitive measures against ICOs, which could play right into their hands if they choose to create ICO free zone. According to his estimations, that would add nearly 1,600 new jobs.

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Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.