S. Korean ‘Bithumb’ Exchange to Launch Native Token

[kreslik.news]

South Korea-based crypto exchange Bithumb has announced plans to launch its own cryptocurrency, the Bithumb Coin.

Because South Korea banned initial coin offerings (ICOs) near the end of last year, the Bithumb Coin token sale will take place abroad. NearbySingapore seems to be the most likely host; more than one blockchain firm has recently chosen Singapore as a sort of ‘safe haven’ for hosting token sales, including Icon (ICX).

A source familiar with the situation told the EconoTimes said that “we know that the Bithumb coin is underway at a local subsidiary acquired by Bithumb’s subsidiary,” although “details such ... (read more)