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Friday

18 September 2020

Bithumb Pledges $8M to South Korea's 'Regulation-Free' Blockchain Zone - Bitcoin News

Bithumb Pledges $8M to South Korea's 'Regulation-Free' Blockchain Zone - Bitcoin News


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Bithumb Pledges $8M to South Korea's 'Regulation-Free' Blockchain Zone.

South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone.

The high volume South Korean exchange plans to inject $8 million into South Korea’s “regulation-free” zone for blockchain development in Busan.

“Bithumb and the Financial Services Commission will discuss the investment in Busan blockchain special zone at the end of January,” a senior official from the Ministry SMEs and Startups detailed.

In order to call Busan a “regulation-free zone,” South Korean officials lifted 11 regulations for businesses and startups leveraging blockchain.

What do you think about Bithumb planning to donate $8 million to the Busan blockchain zone?

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