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Cryptocurrency Finally Has a Safe Haven – Sponsored Bitcoin News
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The cryptocurrency industry has faced significant regulatory challenges in recent years, with the SEC and CFTC taking action against various projects, including sending Wells notices to Coinbase. Amidst this regulatory landscape, the concept of sovereignty and international law has become increasingly important to crypto investors and innovators. The idea is that a new state can create a safe space for said innovations to flourish – introduce Joseon, the world’s first cyber nation-state with diplomatic relations with a recognized UN member nation.
Understand the impact of sovereignty on crypto
Sovereignty refers to a country’s ability to govern itself independently. This means that governments can regulate and control activities within their borders, including cryptocurrency companies. While some countries offer favorable regulatory frameworks that allow crypto companies to exist in some capacity, others impose stricter regulations or outright bans that limit operations and hinder innovation. In international law, only sovereignty is granted the absolute power to exist.
To create a nation
Establishing a sovereign nation typically involves a referendum at best or a tumultuous war at worst. For Joseon, however, the process is much simpler: it is already a nation-state.
What is Joseon?
Our new nation, Joseon, is the successor to the original Joseon Empire which was founded in 1392 and was the longest-lived dynastic kingdom in Korea. Contrary to popular belief, Joseon never “ceased” to exist when Japan annexed the empire in 1910. The “annexation” treaty was signed under duress by armed threat and lacked the signature approval of the King of Joseon. International law dictates that a state cannot be extinguished because of belligerent occupation. Furthermore, a 1965 treaty between the Republic of Korea and Japan declared the 1910 treaty void and legally void. In 2023, Joseon confirmed its continued existence through a treaty with Antigua.
A jurisdiction that encourages innovation
As a recognized nation-state, Joseon has established its own regulatory framework within its jurisdiction, allowing its “citizens” (called Denizens) to establish their own companies. Rather than imposing restrictions on innovation and technology, Joseon aims to provide an environment that encourages creativity and development. This means that the limits of innovation and technology will be determined by the technology itself, rather than by restrictive regulations imposed by nation-states around the world.
Putting practice into reality
There are real concerns about the state of internet law, including anti-cryptocurrency laws and those that limit freedom, such as the RESTRICT ACT and other bills. In contrast, Joseon provides a sovereign cyber jurisdiction free of these burdensome regulations.
Although futuristic in nature, this idea has already been put into practice in reality with BKEX, one of the world’s leading cryptocurrency exchanges. We are proud to announce their ambitious plans to incorporate into our jurisdiction. By operating within our jurisdiction, BKEX can take advantage of our exceptional legal framework and technological infrastructure.
Additionally, in our capacity as a nation state with legal recognition, we have introduced the Mun currency (JSM), which offers the benefits of both a legitimate national currency and a cryptocurrency. As a sovereign currency, this is the first unbanable cryptocurrency in the world. It is available on BKEX and Hotbit.
Our journey
During the development of Joseon as a cyber nation-state, many notable people became involved in the project, including Mike Honda, a former US congressman and DNC vice chairman, and Roger Ver, who serves as the chairman of Bitcoin.com, along with many others.
In summary, Joseon’s redefines the nation-state and presents a safe haven for new businesses and entrepreneurs, offering an exceptional and inventive view of sovereignty. Technology does not exist to make us lazy, instead technology exists to make us do more.
Become a Joseon Denizen and experience true freedom!
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Written by Phil Lee
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