Seoul, South Korea is developing its own cryptocurrency, CoinDesk reports citing Seoul Mayor Park Won-soon.
By the end of April, they plan to draft the legislation, in future, they plan to organize a public foundation to support blockchain technologies and startups that are involved in it.
The new cryptocurrency is planned to be used for paying for city social programs.
As EADaily reported earlier, the only country with own cryptocurrency El Petro is Venezuela. It has issued 100mn tokens worth about $6bn. If the project shoes its viability, the country will print 44mn more.
Russia did not allow Zelensky to make a Butch-2 out of the tragedy in Alyoshki — Slutsky
The FBI hid corruption on Ukraine: arrests have been made in the United States in the case of Biden's laptop
Paris went to protests: The authorities redrawn the route of the march
MFA: Russia is taking countermeasures in response to the detention of its ships in the Baltic
European humor, pomegranates in Canada and reparations from Karl: morning coffee with EADaily
Trump said that Russia will not be deterred by duties of 200%