South Korea and China to Invest in Blockchain Technology

Kim Dong-Yeon, the Minister of Finance of South Korea, shared his opinion regarding blockchain technology during the economic event in China
05 February 2018   586

South Korea's government does not plan to prohibit cryptocurrency trading, it intends to regulate and control it as blockchain is an important technology for its economy.

Kim Dong-Yeon, the Minister of Finance of South Korea had a meeting with the People’s Bank of China’s governor. They talked about a potential partnership between China and South Korea.

During his visit he stated that blockchain technology is an important breakthrough, that is why the ministry will take a cautious approach in regulating the cryptocurrency trading. In order to avoid the negative use of cryptocurrencies, the ministry will impose strict regulations.

According to Mr. Yeon, investing in blockchain technology will bring benefits to the economies of the countries.

Mr. Yeon visited the advanced technology hub, called Zhongguancun, based in Beijing. He also stated that he plans to invest in a blockchain platform developed in Seoul. The “second Techno Valley” will encourage around 1,400 startups to work side by side with the South Korean government.

In his opinion, the future plans seem to be promising for both economies, because both countries are focused on developing their economies through innovation.

This news is great for both investors and users because the result of the collaboration of two powerful countries should be amazing.

Former SpaceX Engineer to Launch Crypto Exchange

Earlier CEO of LXDX Joshua Greenwald worked as the engineer on automation and propulsion systems at SpaceX
18 September 2018   92

The supplier of exchange technologies and services LXDX launches a new trading platform for digital assets. This is reported by the publication LeapRate with reference to the company's CEO Joshua Greenwald.

He said that the new platform will make institutional trade instruments available to a wide range of crypto traders.

Our immediate focus is on cryptocurrency and enabling every investor to utilize the exclusive tools, like smart order routing, that only institutions previously could access. When we built top tier infrastructure for traditional markets, our team solved many of the same problems facing cryptocurrency exchanges today. We are excited to bring a higher caliber of technology to cryptocurrency investors everywhere.
 

Joshua Greenwald

CEO, LXDX

The site will fully meet the requirements of KYC / AML.

Earlier Joshua Greenwald worked as the engineer on automation and propulsion systems at SpaceX. His startup received support from large investors, one of which was the venture fund Dymon Asia. In September, LXDX moved to Malta.