200,000 South Korean Citizen Signed Crypto Money

The South Korean government announced that the plan to regulate the crypto paralysis would be "to prevent any illegal behavior or uncertainties".

South Korea responded to the petition
Several local sources in South Korea have published comments on South Korea's Government Policy Coordination Minister Hong Nam-ki on crypto-money. According to reports, Hong Nam-ki responded to the popular request of the month against the rigid regulations imposed on the crypto money trade.

The petition, which was collected in January, was published on the website of the South Korean presidential office. As of now, a total of 200,000 signatures have been issued to the petition. The South Korean government has an obligation to respond to requests for signatures more than 200 times within 30 days. Hong Nam-ki said:

"The main goal of the government is to improve Blockchain technology while avoiding any illegal behavior or uncertainties related to crypto money trade. However, there are various ideas in the government ranging from the total ban on crypto-money business to the establishment of institutions to manage cryptographic money in the system (and) the government is still (unable to reach agreement). "

Stock Market License in South Korea
Kim Dong-yeon, South Korea's Finance Minister at the beginning of January, made the following comment, which sprinkled water into crypto money supporters:

"There is no intention of forbidding or suppressing crypto money."

As we can see from the statements made by Hong Nam-ki, there is still a more serious idea for the crypto money in the South Korean government, and it is not known when a final decision will be reached.

Although the final decision has not been reached, the government is taking regulatory steps in certain areas of the currency market. There was news recently that South Korea was thinking of giving licenses to crypto money exchanges. Government officials spoke as follows:

"We intend to introduce a stock exchange approval system in order to bring extra regulation to the crypto paralegal. Most likely we will base the New York State model on selective permits. "

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