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?
I think this is the best news of the Year. And also it is the best step in the crypto world. In my opinion Korean government knows that crypto is going to replace the fiat money, and that it is the future of earth. Thats why they have done it. Am I right?