Author: Muyao Shen / Source: CoinDesk
A small Japanese village is turning to cryptocurrencies in an effort to bolster its economy.
Nishiawakura – a village of approximately 1,500 people in the Okayama prefecture in Japan – revealed its plan last week to launch a regional initial coin offering as a way to secure funding. The municipality, in particular, relies on forestry to support its economy – about 95 percent of the town is made up of forest area, according to the village’s official announcement.
Nishiawakura Coin (NAC) will be issued by Nishiawakura’s Token Economy Association. While the launch date has not yet been released, some details about the coin can be found on its official website.
The village launched the…