The Busan City Government in South Korea recently announced that it will establish a national digital asset exchange. This blockbuster news is like a bomb that has set off an uproar in the field of digital currency. At the same time, the city government also plans to look to the future and predicts that it will establish its own public chain to establish its leading position in the field of blockchain technology in one fell swoop. This move will not only have a far-reaching impact on South Korea's local industry, but will also set off a new wave of digital economy on a global scale.

From a global perspective, the rise of digital asset exchanges has become a hot topic in the field of digital finance. With the rapid development of the cryptocurrency market, governments and companies have increased their investment and support for digital asset exchanges. Busan, South Korea, has stood at the forefront of the storm and seized the commanding heights of the future digital economy. This also means that South Korea will take a more solid step in the field of digital currency and inject new vitality into the digital transformation of its economy.

In the operation of digital asset exchanges, security is always the top priority. The Busan City Government in South Korea will definitely learn from international advanced experience and establish a strict digital asset trading system and regulatory system to ensure the safe and stable operation of the trading platform. Only in this way can we effectively protect the rights and interests of investors and promote the healthy development of the digital currency market.

In addition to the digital asset exchange, the Busan City Government in South Korea also plans to establish its own public chain. As an important application form of blockchain technology, the public chain has the characteristics of decentralization and high security, which will provide a solid foundation for the future development of South Korea's digital economy. By establishing its own public chain, South Korea will be able to better grasp the development of blockchain technology and promote its innovation and development in the field of digital economy.

From a national perspective, the rise of digital asset exchanges will inject new vitality into the Korean economy. With the continuous expansion of the digital currency market, digital asset exchanges will become one of the important pillars of the Korean economy, providing strong support for the stable development of the country's financial system. At the same time, establishing its own public chain will also lay a solid foundation for the future development of South Korea's digital economy and promote greater development space for the country in the global digital economy.

In general, the establishment of a national digital asset exchange by the Busan City Government in South Korea and the prediction of establishing its own public chain are undoubtedly good news for the development of the digital economy. This move will provide new impetus and opportunities for South Korea's development in the field of digital economy, and is expected to become a new engine for the development of the global digital economy. Let us wait and see and witness a new chapter in South Korea's digital economy!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120Btc.com) News: Park Hyung-jun, Mayor of Busan, South Korea, and the Busan Digital Asset Exchange Establishment Promotion Committee held a press conference at Busan City Hall today, announcing that they will promote the establishment of the Busan Digital Asset Exchange (BDX) based on blockchain technology. It is planned to start public offering in mid-October (planned to be established by pure private capital), select operators in November, and establish a legal person within this year.

Busan City claims that this exchange is a "fourth-generation blockchain transaction", which means that transaction records are converted to blockchain-based transaction records using a distributed ledger, rather than transaction records based on a central server. The Busan City Government explained that through this move, not only can the security of the exchange be strengthened and operating costs be reduced, but synergies can also be expected with various companies in Busan.

The exchange will be a platform that can provide tokenized transactions of raw materials, precious metals, intellectual property rights, carbon rights, etc., and is expected to be fully operational in the first half of next year.

The Busan City Government stated that the fourth-generation blockchain exchange can not only strengthen the security of the exchange and reduce operating costs, but also be expected to have synergies with various companies in Busan. However, since security tokens (STO) are digital assets equivalent to securities under the Capital Markets Act, the authorities said they would be excluded from the first round of trading.

Park Hyung-jun said: The government has not yet introduced clear regulations for STOs, etc. I think this field will be open in the future, and an asset trading market is needed before that.

Concept map of Busan Digital Asset Exchange (BDX)

However, the official press release did not state that cryptocurrencies would be traded. A clearer explanation is that the Busan government wants to build an exchange based on blockchain technology to improve the convenience of digital asset transactions.

Hope Busan becomes a blockchain city

Busan aims to transform into the world's most advanced blockchain city in 2026. According to News1, Busan will build a blockchain mainnet that is compatible with blockchain mainnets such as Ethereum and Cosmos, and will run as a separate project. Since Ethereum and Cosmos are public chains where anyone can view transaction data, Busan is also committed to developing such public chains. Other goals include: Busan will participate in the Blockchain Trust Framework (BTF) technical standards being developed by the Korea Internet and Security Agency (KISA). The plan aims to improve the quality of privacy services and encourage interoperability between services by proposing requirements for blockchain technology systems, performance, and security levels. The standard will also be used for public services in Busan.

Busan also plans to establish the Blockchain Innovation Fund (BBF) to accelerate the implementation of the blockchain city. BBF is a private equity fund led by Busan's financial and public institutions to support the development of Busan's blockchain industry and infrastructure. The fund plans to raise more than 100 billion won.

Busan also plans to form the "Busan Blockchain Alliance (BBA)", a business alliance that will make Busan a blockchain city. Busan plans to announce 100 BBA participating companies at the Busan Blockchain Week event in November.