• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Ripple Donates ‘Skull of Satoshi’ to Bitcoin Community

    Ripple Donates ‘Skull of Satoshi’ to Bitcoin Community

    James Wynn Faces $99M Bitcoin Liquidation Amid Market Slip

    Brazilian Fintech Méliuz Launches $78.6M Bitcoin Share Offering

    Meta Shareholders Reject Bitcoin Treasury Proposal

    Tether Supports Twenty One Capital’s $100M Bitcoin Purchase

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Cardano Faces 3% Drop Amid Market Correction

    Cardano Faces 3% Price Decline Amid Market Trends

    SEC Cautions Staked Ethereum, Solana ETF Viability

    James Wynn Aims for $1B Comeback After $60M Loss

    James Wynn’s $1B Comeback in Crypto Trading

    Shiba Inu Burns 1.17 Billion Tokens in Supply Reduction

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Jeju Island to Become a Blockchain Hub in Spite of Korea’s Ban

Adriana M. by Adriana M.
August 14, 2018
in Finance & Blockchain, Latest News

Jeju Island is looking to become an ICO hub and offer cryptocurrency projects the opportunity to organize token sales in a self-regulated environment.

South Korea is currently passing through a tough period regarding the cryptocurrency activities. Despite the country’s ban, its Jeju Island is seeking to create a productive environment for Initial Coin Offerings.

According to JoongAng Daily, the initiative was presented last week during a meeting with government representatives, counting the Korean finance minister.

“Blockchain can cut costs, provide stable transactions and essentially has the potential to become a game changer that could alter the ecosystem of the internet platform industry,” claimed Won Hee-ryong, governor of Jeju Island. “For Korea to become a leader rather than a consumer of this new global industry, we need to quickly allow [the operation of] blockchain and cryptocurrency [firms].”

Jeju Island to become a blockchain hub

Governor of Jeju Island pointed out that if the proposal is approved, the island could become a blockchain hub where all crypto projects will be free to launch ICOs as a way to raise funds.

As stated by Won, the purpose of this project is to make Korea “a leader rather than a consumer of this new global industry.” Furthermore, Won intends to create a task force consisting of officials based in Jeju province as well as financial and not only experts.

“If ICOs were allowed in the country, it would prevent the outflow of capital from Korea,” said an industry expert. “Korea has so many good projects which, unfortunately, all decide to do their coin offering elsewhere due to the government’s stance.”

Jeju Island was proclaimed a self-governing province in 2002. The island was self-sufficient to South Korea as a measure to streamline the economic and tourism development of the region. The island’s project follows Korea’s announcement according to which unauthorized ICOs are considered illegal.

Tags: BlockchainCryptocurrencyICOJeju Islandtoken
Previous Post

Cryptocurrency Trading is Still Illegal in Saudi Arabia

Next Post

Playboy Accused Its Blockchain-Based Partner of Fraud

Adriana M.

Adriana M.

Related Posts

SEC’s Peirce Advocates Regulatory Clarity at Bitcoin 2025

by Solomon M.
June 1, 2025

SEC's Hester Peirce emphasizes regulatory clarity for digital assets at Bitcoin 2025, sparking industry discussions.

Wells Fargo Refunds Scam Victims Post Media Scrutiny

by Solomon M.
May 31, 2025

Wells Fargo refunds scam victims only after media intervention, raising consumer protection concerns.

Wells Fargo Refunds Scam Victims Post Media Probe

by Solomon M.
May 31, 2025

Wells Fargo refunds scam victims following media exposure, without formal policy change acknowledgment.

Wells Fargo Issues Refunds Post Media Intervention in Fraud Cases

by Solomon M.
May 31, 2025

Wells Fargo refunds scam victims after media pressure, highlighting cryptocurrency scam awareness.

Wells Fargo Refunds Scam Victims Following Media Pressure

by Solomon M.
May 31, 2025

Wells Fargo issues refunds to scam victims only after media inquiries prompt public scrutiny of their initial refusal.

Blockchain Life 2025 To Host Global Crypto Leaders in Dubai

by Solomon M.
May 31, 2025

The Blockchain Life 2025 in Dubai anticipates over 15,000 attendees, featuring crypto leaders and regulatory discussions.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.