China may be doing all it can to suppress cryptocurrencies, but South Korea is going the opposite way. Specifically, in its Gyeongsangbuk-do Province. But what’s going on? Well, according to sources, officials are partnering with blockchain startup Orbs to create a province-specific coin called the Gyeongbuk coin.
But why?
South Korea’s Gyeongbuk CoinThe province is issuing the Gyeongbuk coin to replace an already existent state loyalty scheme—the already existent “Hometown Love Gift Cards.” South Korean legislators are making this move to further integrate cryptocurrency across the nation.
100 billion won worth ...
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