South Korea’s Appetite for Bitcoin About to Get Much Bigger

South Korea has announced that it is now putting measures in place for the spread of top digital currency, Bitcoin.
The Asian country is home to a few Bitcoin exchanges including Korbit and CoinOne which are currently placed in the 22nd and 29th positions in the list of top exchanges according to a 24-hour volume rankings on CoinMarketCap. It is also home to CoinPlug which has been around since 2013 and introduced the two-way Bitcoin ATM in the country.
Getting bigger for Bitcoin
As suggested by the Chairman of the Financial Services Commission (FSC), Yim Jong-yong, the government now plans to create a new consortium to develop and implement Blockchain technology in the financial sector within the next year and institutionalize Bitcoin to operate better in the future financial ecosystem. As a result, there are likely to be more activities in the fintech sector and its impact is likely to resonate across other sectors.
Yim Jong-yong, at the 12th Fintech Center Demo Day event on Monday Oct. 24 said:

This post was published at Coin Telegraph on 2016-10-26.