26 Oct '16, 2pm

South Korea's Appetite for Bitcoin About to Get Much Bigger - CoinTelegraph

South Korea has announced that it is now putting measures in place for the spread of top digital currency, Bitcoin. The Asian country is home to a few Bitcoin exchanges including Korbit and CoinOne which are currently placed in the 22nd and 29th positions in the list of top exchanges according to a 24-hour volume rankings on CoinMarketCap . It is also home to CoinPlug which has been around since 2013 and introduced the two-way Bitcoin ATM in the country. Getting bigger for Bitcoin As suggested by the Chairman of the Financial Services Commission (FSC), Yim Jong-yong, the government now plans to create a new consortium to develop and implement Blockchain technology in the financial sector within the next year and institutionalize Bitcoin to operate better in the future financial ecosystem. As a result, there are likely to be more activities in the fintech sector and its imp...

Full article: https://cointelegraph.com/news/south-koreas-appetite-for-...

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