South Korea’s crypto-crazed city, Busan, announced its steering committee for building its flagship digital asset exchange. However, in a surprising turn of events, it has dropped third-party crypto exchanges that had earlier partnered with the city on the initiative.
South Korea Weary Of Centralized Exchanges
Busan, the blockchain city of South Korea, has dropped its partner crypto exchanges. This move comes after weeks following negative news among centralized exchanges.
From reports, the steering committee included 18 local blockchain experts but no representative of Binance, crypto.com, Gate.io, Huobi, and FTX. The five crypto exchanges agreed earlier in the year to help create a local crypto exchange.