Yonhap News: Busan, South Korea is reconsidering the establishment of a digital asset exchange due to the bankruptcy of FTX and other factors

2022-11-23 12:10:30

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ChainCatcher news, according to Yonhap News Agency, Busan, South Korea has decided to reconsider the establishment of a digital asset exchange. This is due to the negative attitude of the government and financial authorities towards public institutions setting up digital asset exchanges, and the anxiety in the entire industry is increasing following the recent FTX bankruptcy. An official from Busan stated, "Given various circumstances, it is unreasonable for Busan to promote the establishment of a digital asset exchange."

Previously, it was reported that Busan, South Korea signed a cooperation agreement with Binance, FTX, Houbi, Crypto.com, and Gate.io to establish the Busan Digital Asset Exchange, and several blockchain venture capital firms planned to invest $100 million in ecosystem development in Busan, South Korea. (source link)

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FTX Busan South Korea

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