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Busan, South Korea's blockchain regulation-free zone designation extended by three years to 2027
2024-11-27 07:33:01
Odaily News The city of Busan, South Korea, announced on the 27th that, with the approval of the Ministry of Small and Medium Enterprises, the designation period of the Busan Blockchain Free Zone has been extended by three years to 2027. As a result, Busan, as the only blockchain-free regulatory zone in South Korea, can continue to develop and commercialize innovative services based on blockchain technology. The Busan Blockchain Free Zone was first designated in 2019 and has been promoting various verification projects using blockchain technology. The newly expanded "Real Estate Collective Investment Platform (Bbrick)" and "Medical My Data Platform (BHealthy)" are providing new possibilities for real estate investment and medical data utilization through blockchain technology. (PinpointNews)