South Korea's Busan Turns to Crypto to Tackle Aging Population

Posted by Patria Henriques on Wednesday, July 17, 2024

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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