Post
Topic
Board Bitcoin Discussion
Re: Will South Korea become the World Bitcoin Special Zone?
by
avikz
on 10/10/2018, 09:11:10 UTC
Gov’t of South Korea is Endorsing Crypto and Blockchain Like No Other Region

South Korea is leading an example of being the world’s most hospitable regions for crypto and blockchain entrepreneurs. The world’s eleventh-largest economy has committed a $100 million fund to develop its capital Seoul as a center of blockchain innovation. Park Won-soon, the third-time governor of Seoul, during his visit to Switzerland’s Zug last week, revealed that...

https://www.trackcoinmarket.com/en/crypto-news/32399/govt-south-korea-endorsing-crypto-blockchain-region
Actually this is not new because Asian countries, especially China, Japan and Korea, are very open with technological advances. Moreover, they see this cryptocurrency as the best alternative for future economic system changes, just as they create robots to help their work. And in fact the prosperity of the country is very good because it is able to adapt to the progress of the times.

I will sincerely exclude China from the list you have mentioned. Any crypto enthusiasts know that China is not at all open to embrace cryptocurrencies within their economy. China is the first country to ban ICO (even though I support that), but later they kept on cracking the crypto market within their country. They imposed tariffs on the electricity for crypto mining firms. They are not at all crypto friendly.

However, I will agree with the other two as Japan is the first country in the world to legalize crypto currency and distributed licenses to open crypto exchanges on their soil. Now South Korea is following the footsteps of Japan.