Seoul Mayor Plans to Unveil Better Self Crypto for Stratup Blockchain.
Park Woon-soon has announced that South Korea will launch its own crypto and create a better environment for startup companies Blockchain and cryptocurrency in the country. He wants to form a blockchain that is oriented like a startup industry and focuses on developing Seoul's cryptocurrency, 'S coin'.
One of the reasons for the development of 'S coin' is to improve the transparency of governance that exists there. Although the Korean government initially applied very strict rules against cryptocurrency.
what do you think about this? is this good news about the development of cryptocurrency in the future?
This is a good news indeed. But I am thinking what is the need of a Seoul crypto? Maybe they only need a blockchain because it is very very useful. If Seoul successfully implemented blockchain technology then the other cities and governments will follow. We already know how well advance in technology Korea is and the others will surely do not want to be left behind.
Yes indeed this is very good, hopefully this step will be the way for all countries to use the blockchain system and make cryptocurrency as their alternative means of dealing with economic conditions in the future.