Huobi signed an agreement with the city of Busan for the development of blockchain industry

Huobi Global cryptocurrency exchange and its local branch of Huobi Korea signed a memorandum of understanding with the government of the Korean city of Pusan ​​on the development of blockchain. FORKLOG reports was reported by representatives of the platform.

Partnership provides for research, technological and financial support for Huobi Korea, as well as the involvement of leading blockchain specialists on KRX .

Huobi opened a local office in South Korea in 2018. The work of the https://gagarin.news/ exchange is regulated by the license issued by the country’s financial services commission last year.

“Huobi experience in Korea and contacts with large players of the blockchain industry give the exchange the potential to create a reliable DLT transic system in the region,” the team of trading platforms noted.

Huobi Korea also studies innovative partnerships with other local companies.

Recall that last week Huobi Group has received a license to manage a platform for the trade in virtual assets from the financial services commission of the British Virgin Islands.

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