South Korea’s largest cryptocurrency exchange Bithumb is set to invest 10 billion won (~$8.6 million) in Busan city’s “regulation-free” zone for blockchain development. The country’s Ministry of SMEs and Startups announced the news on Thursday, saying that Bithumb will invest via its subsidiary GCX Alliance. Bithumb and Korea's Financial Services Commission will discuss more details about the investment later this month, according to a report from News1 Korea. With the investment, Bithumb could launch several blockchain-based financial services in Busan, per the report. Busan, Korea’s second most populous city, was ... (full story)