South Korea Initiates A Crypto friendly Economic Zone
It is widely known in the crypto space that South Korea plays a major role in the whole cryptocurrency ecosystem.
True to its status as one of the more progressive countries on the said industry it has started an initiative to create an economic zone where companies can operate free from the regulatory measures imposed by its government.
Busan is a great testing ground for blockchain and cryptocurrency innovation and will have a dedicated plan for it created by the South Korean Ministry of SMEs and Startups.
Currently, the economic zone is only available for local blockchain initiatives and restrictions on conducting ICOs are still in effect in the said territory.
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