A catastrophic period for cryptocurrency isn’t stopping South Korea’s second-largest metropolis from betting digital money will solve a major problem: having one of the grayest populations in one of the world’s fastest-aging nations.
Busan, a port on the southeastern coast of the Korean peninsula, is seeking to become a global crypto hub because its planners believe embracing virtual tokens will bring more young people to its streets. It’s setting up a publicly run exchange for digital assets, wooing blockchain firms and soliciting investments from venture capital companies.
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