Asia has always been a safe haven for Bitcoin traders, as many Chinese investors are speculating on the Bitcoin price to make a quick profit. Countries such as Japan are forming a regulatory framework for Bitcoin, now that the Mt.Gox debacle is coming to an end. However, one country that no one hears much from in terms of virtual currency is Korea, even though they have their very own Bitcoin Center and a calendar full of events.
Bitcoin Center Korea – Grassroots Efforts
Most people are well aware that Korea is split into two parts: North Korea and South Korea. Over the past few decades, both countries have grown a huge dislike for one another and communication between both sides is borderline illegal. It is quite a surprise to find out there is such a thing as a Bitcoin Center Korea though.
Truth be told, Bitcoin Center Korea is not endorsed by the Korean government, as the premises is managed and operated by Digital Synergy. Because Bitcoin Center Korea is a grassroots efforts by the local Bitcoin community, virtual currency awareness and adoption can benefit from this project. Without a