Gov’t to crackdown on illegal cryptocurrency activities while fostering blockchain technology


The minister for the office for government
policy coordination replied to an online petition opposing the latest in cryptocurrency policy. According to Hong Nam-ki… the policy aims
to not just prevent any wrongdoings and opacity in the course of relevant transactions, but
also to actively foster blockchain technology. He added the government is keeping an eye
on the global virtualcurrency market and international trends… while taking measures to crack down
on any illegal activities. The comments were made in response to a petition
on Cheong Wa Dae’s online bulletin board… opposing the latest cryptocurrency regulations. There were more than 280-thousand signatures
as of late last month. Presidential office rules state that the top
office must reply to any petition that gathered 200-thousand signatures within 30 days.

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