Tag: south korea

South Korea Declares Second Biggest City “Regulation-Free Zone” For Blockchain

South Korea is ramping up its blockchain creds. The SME and Startups Ministry of South Korea declared Busan, the country’s second-biggest city by population, a regulation-free zone for development of blockchain technology. As part of the move, the city is being turned into a controlled experiment for development of services related to public safety, tourism,… Read More South Korea Declares Second Biggest City “Regulation-Free Zone” For Blockchain

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South Korea To Recognize Crypto Exchanges As Regulated Financial Institutions

South Korea is taking a major step in legitimizing cryptocurrency exchanges by drafting standards that will eventually classify such exchanges as regulated financial institutions. The coverage area for the standards is broad and includes multiple elements of the cryptocurrency and blockchain ecosystem. The government is soliciting inputs from a wide variety of stakeholders. According to… Read More South Korea To Recognize Crypto Exchanges As Regulated Financial Institutions

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