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Busan, South Korea’s second-largest city, launched its blockchain initiative four years ago to put out the welcome mat for the growing industry, hoping to attract technology, jobs and investment and shift away from a reliance on seaborne trade and tourism. Problem is, the message didn’t seem to reach the blockchain sector.Busan,
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South Korea’s ‘blockchain’ city of Busan continues to establish agreements with cryptocurrency industry heavyweights as Huobi Global enters the development ecosystem.Huobi Global and its Korean branch became the latest exchange to sign a memorandum of understanding with the Busan Metropolitan City government to participate in the growth of its blockchain
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“The City of Busan is pleased to partner with Huobi to foster the growth of our blockchain ecosystem,” Heong-Joon Park, mayor of Busan, said in a prepared statement. “As a blockchain regulation-free zone, Busan offers a conducive environment to develop the latest digital financial technologies, which has attracted many blockchain
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South Korea’s second-largest city Busan has announced a partnership with crypto trading platform FTX to build a local crypto exchange and foster blockchain development.Sam Bankman-Fried’s FTX will assist in creating the Busan Digital Asset Exchange as per an official statement from the Busan Metropolitan City on Aug. 30. The Bahamian-based firm
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The special zone has built several blockchain-based products and applications for use by the general public. These include B Pass, a blockchain-based ID service, Busan Digital Voucher, a local currency circulation-boosting service based on its digital ledger, the Citizen Safety Report, and B-Fresh, a seafood logistics service. Source
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Binance is helping the South Korean city of Busan “grow crypto adoption within the city and beyond.” The global crypto exchange will also support the development of the city’s blockchain ecosystem and the Busan Digital Asset Exchange. Binance Signs MOU With Busan City Cryptocurrency exchange Binance announced Friday that it has
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South Korea’s biggest telecom company, KT, just announced the launch of a local blockchain-based currency for one of the country’s largest cities, which will reportedly go live on Dec. 30. Local news outlet dongA reported on Dec. 19:“Dongbaekjeon is a blockchain-based card-type local currency issued by Busan City to revitalize
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