Bithumb will invest $8.6 million in a free blockchain zone

South Korea's leading crypto exchange Bithumb intends to invest 10 billion won (about $8.6 million) in the “regulatory-free zone” of Busan to develop the blockchain technology. This was reported by The Block, citing a statement by the local ministry of small and medium-sized businesses and startups.

The leading exchange and the Financial Services Commission of South Korea will discuss the details of the deal later this month.