Korean Government Answers Petition Against Unfair Cryptocurrency Regulations

South Korea has answered the petition entitled “Has the government ever dreamed a happy dream for the people?” Filed on December 28, the one-month petition asks the government to avoid excessive regulations for cryptocurrencies in the country and “not make unfair regulations on virtual currency investment.” According to the rules set by the Blue House, the government will respond to any petition with over 200,000 signatures within a month. On January 16, the above petition surpassed that threshold, as news.Bitcoin.com previously reported. By January 27, a total of 228,295 people had signed and the government subsequently responded to it on Wednesday.
Hong Nam-ki, Minister of the Office for Government Policy Coordination (OPC) said in his response: "It is the basic policy of the government to prevent illegal acts and uncertainties in the process of virtual currency transactions, and actively nurture blockchain technology…Transparency of virtual currency transactions within the framework of the current law is a top priority…We have been attentive and careful, keeping an open eye on market conditions, international trends, and all means”


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