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?
The Sout Korean (Seoul) mayor park woon-soon says As we know Seoul is the leading city in the world in the field of information and communication technology they will study new technologies such as blockchain. He also said the city will create a fund to support blockchain advancement. This is a very big announcement and it is good news about the development of cryptocurrency in the future.