The decision was made after Huobi Global released a Proof-of-Reserves report in December, which bred internal concerns after it stated that the parent company had more than $3 billion in reserves,
The coastal city was a prominent manufacturer of footwear, fabric and other light industries during the 1970s and 80s, and then grew into one of the world’s biggest container ports. Now it’s trying to reinvent itself in the digital world of blockchain.
South Korea's Busan aims to revive its ailing blockchain ecosystem under a new partnership with Huobi, who is setting its sights on cementing its name as a prominent digital asset exchange in the country.