News Snapshot:
A catastrophic period for cryptocurrency isn’t stopping South Korea’s second-largest metropolis from betting digital money will solve a major problem: having one of the greyest populations in one of the world’s fastest-ageing nations. Busan, a port on the southeastern coast of the Korean peninsula, is seeking to become a global crypto hub because its planners believe embracing virtual tokens will bring more young people to its streets. It’s setting up a publicly run exchange for digital assets, wooing blockchain firms and soliciting investments from venture capital companies. Not even the spectacular collapse of Sam Bankman-Fried’s crypto empire is making the...
