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Greater than 215,000 individuals have signed a petition to the presidential workplace Cheong Wa Dae opposing cryptocurrency rules, compelling the federal government to supply an official response to the petition. Deputy Prime Minister Kim Dong-yeon, nevertheless, stated that bitcoin and cryptocurrency buying and selling requires affordable rules in no matter type doable.
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Greater than 200,000 individuals signed a petition to Cheong Wa Dae opposing cryptocurrency rules in simply 20 days because the petition was registered. The federal government has to supply its official place if the variety of petitioners exceed 200,000 inside a month. Petitioners had been towards the shutdown of digital forex exchanges, claiming that the financial system mustn’t go into decline due to unreasonable restrictions. Cheong Wa Dae plans to reply the cryptocurrency petition after replying to different petitions that fulfilled the situation for an official response. President Moon Jae-in, who had not stated a lot about digital currencies, not too long ago criticized the inter-ministerial confusion over cryptocurrency measures. He stated it isn’t good for the federal government to be seen as clumsy by disclosing every ministry’s place earlier than coming to an inter-departmental settlement.
[Soundbite] Park Soo-hyun(Cheong Wa Dae Spokesman) : “He requested for nearer inter-ministerial cooperation and tighter administration of policy-making procedures.”
The federal government has made its place clear about regulating digital currencies. Deputy Prime Minister Kim Dong-yeon stated on a radio present that affordable rules of any type are wanted and shutting down cryptocurrency exchanges remains to be a viable possibility.
[Soundbite] Kim Dong-yeon(Deputy PM for Financial Affairs (TBS Radio Present)) : “It is a viable possibility, however there are lots of issues resembling abroad deposits and withdrawals. The ministries want to interact in severe talks.”
He added that the federal government is discussing detailed plans on taxation and real-name accounts, and a complete set of depend
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