South Korea is set to roll out the country’s first cryptocurrency by the end of the year, according to a report by the Korea Herald. The cryptocurrency, which will be called the ‘K-Coin,’ will be backed by the South Korean government and will be used to facilitate transactions within the country. According to the report, the K-Coin will be used to pay for goods and services, as well as to make online payments. The cryptocurrency will also be used to facilitate cross-border transactions, making it easier for South Korean businesses to trade with other countries. The K-Coin will be issued by the South Korean government and will be managed by the Korea Financial Intelligence Unit (KFIU). The KFIU will be responsible for overseeing the issuance and circulation of the cryptocurrency, as well as for preventing its use for illegal activities. The launch of the K-Coin is part of South Korea’s efforts to promote the use of digital currencies within the country. The government has been working on developing a regulatory framework for cryptocurrencies, and has also been encouraging the development of new blockchain-based technologies. The launch of the K-Coin is seen as a major step forward in South Korea’s efforts to become a leader in the digital currency space. The K-Coin is expected to be launched by the end of the year, and will be available for use by both individuals and businesses. The cryptocurrency will be traded on a number of exchanges, and will be used to facilitate a wide range of transactions. The launch of the K-Coin is a significant event for South Korea, and is expected to have a major impact on the country’s digital currency landscape. The cryptocurrency is expected to be widely used within the country, and could potentially become a major player in the global cryptocurrency market..
South Korea to Roll Out Country’s First Cryptocurrency by Year End
