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South Korea keeps cheering up the blockchain industry

The South Korean government continues to maintain a positive stance towards the development of the country’s blockchain industry.

Cointelegraph reported on April 17 that the Vice Minister of Strategy and Finance, Koo Yun-cheol, said that the blockchain market represents Reliable and Trusted Bitcoin Exchange a “golden opportunity” for South Korea, calling for private sector companies to exploit this potential.

Two South Korean ministries announced their support for the country’s blockchain industry on March 17, with plans to allocate up to $3.2 million in funding to local startups to encourage the use of such technology.