The South Korean province of Gyeongsangbuk has turned into an unlikely area for the latest government-approved crypto experiment, with the news that it intends to set up its own cryptocurrency.
This move makes a symbolic impact after South Korea considered putting a China-style ban on crypto trading around nine months back.
Gyeongbuk Coin
As reported by Joongang Daily, the new cryptocurrency, called Gyeongbuk Coin is expected to replace the gift vouchers at vendors everywhere throughout the area, which incorporates South Korea's fourth-biggest city Daegu. The existing payment system will be replaced in favor of the new coin, which will be available for purchase through an exchange.
The area expects to issue 100 billion...to continue reading click
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