South Korea Adds New ‘Spyce’ To Its Cryptocurrency Lineup
South Korea already has cryptocurrencies circulating in the crypto industry, and now the country will have a Spyce. We’re not pertaining to the former Spice Girls group or the spice you put in the food to enhance its taste. Spyce is the appreciating currency of Decenternet and will soon be one of the dominating cryptocurrencies in the world.
Decenternet is an upcoming company and is the most dynamic and extreme hyper-speed peer-to-peer decentralized internet infrastructure solution that can be established by blockchain technology. All financial activity on Decenternet is managed in Spyce which is procurable via domestic mining. It can exchange with other current major digital currencies such as Bitcoin and Ethereum which is one of its best features. Some business establishments in South Korea are accepting Ethereum as a mode of payment. So, an individual who has no Ethereum can exchange Spyce with it.
Cryptocurrency is like a magnet attracting many investors and endorsers such as Steven Seagal. In fact, an undisclosed cryptocurrency aficionado profited on this week’s bitcoin sudden nose-dives. Probably, the unnamed digital currency broker who made a huge investment thinks that the surge will remain.
The procurement was done between Feb. 9 and Feb. 20 to an account identified with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64. The bitcoin which has a balance of 55,000 BTC swelled to more than 96,000 BTC.
Meanwhile, more than 20 cryptocurrency exchanges in South Korea have settled to undertake evaluations that include the country’s four cryptocurrencies: Bithumb, Coinone, Korbit, and Upbit. This involvement is embodied in their self-regulatory efforts, in agreement with Korean Blockchain Association.
The Korean Blockchain Association is commerce group that was officially introduced in January comprised of 66 members. The core objective of the assessments is to find out if members have conformed to a backdrop of self-regulatory standards that the organization has established. The first announcement regarding self-regulation was made in December when the government presented a set of cryptocurrency proposals to control speculations in the cryptocurrency exchange.
Indeed South Korea is becoming the cryptocurrency of Asia because of the many emerging digital currency and Spyce will add soon to become one of its major cryptocurrency.