Home cryptocurency bitcoin More Than 215,000 Sign Petition Against South Korean Crypto Regulation

More Than 215,000 Sign Petition Against South Korean Crypto Regulation

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A national petition against strict cryptocurrency regulations in  south Korea has exceeded the number that would induce government response. The petition entitled:”Has the government ever dreamed a happy dream for the people” was filed on December 28 2017.

The South Korean government announced a series of regulatory measures for cryptocurrencies in December. Immediately following the announcement a national petition entitled “Has the government ever dreamed a happy dream for the people?” was filed and will run through January 27 2018. According to  the Blue House (the executive office and official residence of the South Korean head of state ) if more than 200,000 people sign a petition within a month the government will respond within 30 days.

 As of  Tuesday January 16, the number of signatures exceeded that threshold for the above petition, with 215,140 signatories at the time of writing.

The petition reads:

Our people have been able to make a happy dream that they have never had in Korea because of  virtual currency- I might be able to buy a house in Korea where it is hard [for me] to buy a house.

On illegal gambling the author argues “people are not stupid. In the current era, virtual currency is invested because it is judged to be the 4th revolution and it is not just a random investment.. I invest wisely to the extent that i do not overdo my money.”

After acknowledging the risks, the author emphasized:

The world you [the government] see is different the world our people see. You think you protect the people, but the people think the government takes away our dreams.

 

What next?.. Will the South Korean Government respond positively to the protest against extreme cryptocurrency regulations??

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