ICON [ICX] team meets governor of upcoming Korean crypto hub Jeju Island
The meeting was also attended by blockchain venture capital firm Deblock and two ICON DApps. The DApps who participated in the talks are STAYGE One, a blockchain platform for the entertainment industry, and weBloc – ICON’s official advertising protocol.
However, details of what was discussed were not revealed. Pictures of the meeting were posted on Twitter by Markus, investment manager and head of research at Deblock, which was founded by ICON Foundation and marketing group AD4th Insight.
— Markus (@markusjayvc) August 30, 2018
ICON [ICX] or Korean Ethereum was introduced by Dayli Financial, a popular Korean fintech company. Dayli Financial also owns the crypto exchange Coinone.
The new development was welcomed by the crypto’s community, as many believe the digital asset is heading towards cementing its place in the top 10 altcoins.
Jeju Island moves swiftly to become blockchain hub
It is important to note that Jeju Island has been increasingly advocating for blockchain and cryptocurrencies.
A few weeks ago, Hee-ryong had reportedly requested the central government to designate the island as a special zone for blockchain and cryptocurrency.
Hee-ryong also proposed that the central government, provincial government of Jeju Island and experts from the industry form a task force to explore how the island could become the new crypto hub in South Korea.
In Jeju Island, which is being developed as “Jeju Free International City”, blockchain start-ups will be allowed to conduct initial coin offerings (ICOs).
The South Korean government had imposed a ban on all ICOs in September last year, but efforts are underway to re-legalize them.
The government of Jeju Island had earlier said that it was considering dropping the ICO ban on domestic startups to let regional companies with token sales within the island.
Image via Medium
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