Jeju island aims to become an ICO-friendly Blockchain hub

South Korea’s Jeju island is proposing a plan to become a blockchain haven wherein initial coin offerings (ICOs) would be allowed in the autonomous province despite the ongoing ban in the mainland.

According to a report by the JoongAng Daily on Monday, the governor of Jeju Island has formally proposed that the central government of South Korea designate the island as “a special zone for blockchain and cryptocurrency” in its interests to become a hub for the blockchain industry.

Jeju Island governor Won Hee-ryong notably made the proposal during a meeting with high-ranking government officials including Kim Dong-yeon – Korea’s finance minister and deputy prime minister for the economy as well as other policymakers last week. Read more: https://goo.gl/exJqVD