South Korea is one of the countries to facilitate the development Bitcoin virtual currency.

Project largest Bitcoin exchange Korbit Korea has recently received a grant of $ 400 thousand dollars from a group of investors to Silicon Valley (Silicon Valley). Start-up now has more than 20,000 subscribers use, current Korbit began profitable after one year of operation.

Korbit success caught the attention because of the support of the Korean government. The investment was made by Tim Draper, founder of venture capital firm DFJ.

Bitcoin in Korea has also received support from the traditional banking system of the country. Before getting investment 400 thousand dollars, Korbit has received grants from Young Entrepreneurs Fund (a fund established by a coalition of Korea's largest bank). Draper's investment decisions are made after carefully studying the market and the attitude of the government with virtual money. He also said that South Korea will play an important role in the global financial future by catching up with the trend Bitcoin and open to it than other countries.
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