Crypto.com Signs MoU with the City of Busan

Strategic Partnership to Advance the Blockchain Industry

Busan, October 26, 2022 – Crypto.com, the world’s fastest growing cryptocurrency platform, and the City of Busan announced today the signing of a Memorandum of Understanding (MoU) to collectively advance the blockchain industry.

As part of this strategic partnership, Crypto.com will leverage its partnerships, resources and expertise to advance innovation, technologies, education, and research with the goal of advancing the City of Busan’s blockchain ecosystem and Digital Assets Exchange project. Additionally, Crypto.com will establish a workforce presence within Busan. Crypto.com will also sponsor and participate in this week’s Busan Blockchain Week.

“The City of Busan is making great strides in becoming a global hub for innovation and we are excited to partner and support these efforts,” said Eric Anziani, COO of Crypto.com. “There is a real opportunity to make a tremendous impact in advancing the potential of blockchain technology in Busan and beyond and we are eager to collaborate and leverage our relationships and expertise in realizing that potential.”

“This strategic partnership with the City of Busan is an important next step for Crypto.com following the acquisition of EFTA and VASP registration in Korea,” said Patrick Yoon, General Manager, South Korea at Crypto.com. “We look forward to partnering with the City of Busan on the development of a sustainable blockchain ecosystem and driving the next phase of economic development and job creation.”

“This agreement is another step for Busan’s growth as a global digital finance hub,” said Hyeong-joon Park, Mayor of Busan. “Our city will provide our full administrative support to expand the space for global digital financial companies to operate.”

This MoU follows Crypto.com securing its Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea by acquiring payment service provider ‘PnLink Co., Ltd.’ and virtual asset service provider ‘OK-BIT Co., Ltd.’.

About Crypto.com

Founded in 2016, Crypto.com serves more than 50 million customers and is the world’s fastest growing global cryptocurrency platform. Our vision is simple: Cryptocurrency in Every Wallet™. Built on a foundation of security, privacy, and compliance, Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem. Learn more at https://crypto.com.