The city of Busan in South Korea is looking for operators for its upcoming Busan Digital Asset Exchange. The selection process is currently taking place and the results will be announced next month. Once an operator is chosen, the establishment and operation of the exchange are expected to progress quickly, with the goal of being fully operational within the year. This project is being promoted through private investment, with operators responsible for the financial investment and also retaining ownership stakes. Busan aims to become a leading blockchain hub by 2026. Prospective operators must submit their business proposals before the designated deadline. This initiative is part of Busan's broader transformation project to position itself as a frontrunner in the blockchain industry. The city recently dissolved the Busan Digital Asset Exchange Establishment Promotion Committee.
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