{"id":492897,"date":"2022-09-14T11:58:32","date_gmt":"2022-09-14T08:58:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/busan-signs-mou-with-huobi-gets-more-help-for-local-crypto-exchange\/"},"modified":"2022-09-14T11:58:32","modified_gmt":"2022-09-14T08:58:32","slug":"busan-signs-mou-with-huobi-gets-more-help-for-local-crypto-exchange","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/busan-signs-mou-with-huobi-gets-more-help-for-local-crypto-exchange\/","title":{"rendered":"# Busan signs MoU with Huobi, gets more help for local crypto exchange"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36e96adcf25\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36e96adcf25\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/busan-signs-mou-with-huobi-gets-more-help-for-local-crypto-exchange\/#%E2%80%9D_Busan_signs_MoU_with_Huobi_gets_more_help_for_local_crypto_exchange_%E2%80%9C\" >&#8221; Busan signs MoU with Huobi, gets more help for local crypto exchange  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Busan_signs_MoU_with_Huobi_gets_more_help_for_local_crypto_exchange_%E2%80%9C\"><\/span>&#8221; Busan signs MoU with Huobi, gets more help for local crypto exchange  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYjE1OWM1MDctYzU2Ni00MjUyLThhNzgtMzBjNjc1ZDQ5NzgyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-71846793>South Korea\u2019s \u2018blockchain\u2019 city of Busan continues to establish agreements with cryptocurrency industry heavyweights as Huobi Global enters the development ecosystem.<\/p>\n<p>Huobi Global and its Korean branch became the latest exchange to sign a memorandum of understanding with the Busan Metropolitan City government to participate in the growth of its blockchain industry.<\/p>\n<p>According to an official announcement from Huobi, the partnership will see the company provide research and development, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and financial support for the Busan Digital Currency Exchange. Huobi is also set to assist in identifying and hiring blockchain talent for Busan\u2019s local exchange.<\/p>\n<p>Huobi has been operating a local office since 2019 and received a mandatory regulatory license from the South Korean Financial Services Commission in 2021. The company cites its operational experience within the country as an important factor in assisting Busan\u2019s goal of becoming a global cryptocurrency and blockchain hub.<\/p>\n<p><strong><em>Related: South Korea ramps up crypto investigations and regulations<\/em><\/strong><\/p>\n<p>A statement from Huobi Korea CEO Junyong Choi highlighted the company\u2019s existing business ties with Korean blockchain ecosystem participants and the expertise of the Huobi Research Institute and Huobi Academy as key drivers of the partnership:<\/p>\n<blockquote><p>&#8220;We believe that Busan has strong attributes for fostering innovation and growth, and share their belief that blockchain technologies can transform and benefit traditional industries.&#8221;<\/p><\/blockquote>\n<p>Huobi has also committed to sponsoring the Busan Blockchain Week at the end of October 2022 as part of the agreement.<\/p>\n<p>Busan also signed an agreement with Sam Bankman-Fried\u2019s cryptocurrency trading platform FTX in August 2022 to assist in the development of Busan\u2019s local exchange. Binance also penned a similar <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/blog\/ecosystem\/binance-signs-mou-with-the-city-of-busan-to-further-foster-blockchain-industry-development-6215313439848509433\">deal<\/a> with the city in the same month, with CEO Changpeng \u2018CZ\u2019 Zhao in attendance during the announcement.<\/p>\n<p>Both FTX and Binance are set to establish a local presence in the city as part of the deal, while Huobi Korea\u2019s local office already has a foothold in Busan.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/busan-signs-mou-with-huobi-gets-more-help-for-local-crypto-exchange\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Busan signs MoU with Huobi, gets more help for local crypto exchange &#8220; South Korea\u2019s \u2018blockchain\u2019 city of Busan continues to establish agreements with cryptocurrency industry heavyweights as Huobi Global enters the development ecosystem. Huobi Global and its Korean branch became the latest exchange to sign a memorandum of understanding with the Busan Metropolitan&#8230;<\/p>\n","protected":false},"author":1,"featured_media":492898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYjE1OWM1MDctYzU2Ni00MjUyLThhNzgtMzBjNjc1ZDQ5NzgyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-492897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/492897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=492897"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/492897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/492898"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=492897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=492897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=492897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}