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  4. Busan City Reveals Steering Committee for its Crypto Exchange
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Busan City Reveals Steering Committee for its Crypto Exchange

Busan city announces steering committee for digital asset exchange development.Huobi global’s Korea arm is part of the steering committee.Binance, Crypto.com, and Gate.io...
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Busan City Reveals Steering Committee for its Crypto Exchange Busan City Reveals Steering Committee for its Crypto Exchange

  • Busan city announces steering committee for digital asset exchange development.

  • Huobi global’s Korea arm is part of the steering committee.

  • Binance, Crypto.com, and Gate.io see no mention.

On Monday, Busan, South Korea, unveiled the members of the steering committee that would guide the development of the city’s flagship digital asset exchange. However, the announcement doesn’t mention any of the global exchanges reportedly collaborating with Busan on the project.

Back in August, Binance signed a memorandum of understanding (MoU) with Busan, South Korea, to help the city develop its blockchain ecosystem and promote the Busan Digital Asset Exchange. Crypto.com and Gate.io were two other companies reportedly collaborating with Busan besides Binance.

While 18 local blockchain experts are included on the steering committee, no one from Binance, Crypto.com, Gate.io, or any of the other three exchanges that committed earlier this year to assist Busan in launching the city’s first official digital asset exchange is there. Local news reports speculated that global exchanges had backed out.

The steering committee only named Huobi as one of the original five institutions that were part of the initiative. The other exchange was the now-bankrupt FTX.com. Acc ...

The post Busan City Reveals Steering Committee for its Crypto Exchange appeared first on Coin Edition.

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