South Korean Province Of Gyeongsangbuk-do To Issue Own Cryptocurrency

News | August 31, 2018 By:

The South Korean province of Gyeongsangbuk-do is planning to issue its own cryptocurrency to replace the local currencies of its nine cities.

Gyeongsangbuk-do, also known as Gyeongbuk, wants to replace city-issued gift certificates with a cryptocurrency called Gyeongbuk Coin, which will be made available for purchase at an exchange and will be usable at merchants across the province.

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