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Bitcoin Meal Packs Offered by Emart24 and Bithumb
A South Korean convenience store chain, Emart24, has partnered with the popular cryptocurrency exchange Bithumb to introduce Bitcoin Meal packs. These innovative meal boxes present customers with a chance to win small amounts of Bitcoin, adding a cryptocurrency element to their mealtime.
Details of Bitcoin Meal Packs
- Approximately 30,000 Bitcoin Meal packs will be sold at Emart24 locations by the end of the month.
- The price of each pack is set at 5,900 Korean won (USD $4.30).
- Customers can purchase a meal pack, download the Bithumb app, and enter a coupon code found inside the box to potentially win 10,000 won worth of Bitcoin.
- An additional 20,000 won worth of Bitcoin will be given to individuals who opt to create a Bitcoin account with NH Nonghyup Bank.
- Existing Bithumb users must link their accounts to claim their rewards.
Role of Bithumb in South Korea’s Crypto Market
Bithumb, a member of the Digital Asset Exchange Association (DAXA) along with other prominent exchanges like Coinone, Upbit, Gopax, and Korbit, plays a significant role in South Korea’s cryptocurrency market. Despite delays in its IPO plans, Bithumb aims to be the first crypto exchange listed on the South Korean stock market.
Cryptocurrency Regulations in South Korea
In recent years, South Korea has enforced stricter regulations concerning cryptocurrencies. Legislators have introduced harsher penalties for crypto-related offenses and established new regulatory frameworks. By the fourth quarter of 2023, financial authorities in South Korea require cryptocurrency users to report any unlicensed exchanges operating in the country.
Despite these regulatory measures, the collaboration between Emart24 and Bithumb highlights the ongoing expansion and incorporation of cryptocurrency in South Korea’s economy.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
