Cryptocurrency

South Korea attracts Chinese Crypto Capital

South Korea is attracting large sums of Chinese capital from cryptocurrency investors who are banned in mainland China. Many trading exchanges have moved from China to South Korea including OKCoin, Zeniex, Gate.io and Huobi. The South Korea government is also considering launching Bitcoin Futures. Cryptocurrency trading is large business in South Korea as China has ban it altogether and Japan is enforcing tighter regulations. The business friendly environment is attracting many Chinese citizens to move to Seoul for this reason from crypto traders to ICO projects. If South Korea continues attracting talented professionals and investment traders, the country will soon become one of the top countries in the cryptocurrency/blockchain industry.

 

Leave a Reply