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Innlegg av: mcaxel (11.01.18 12:57 ), lest 1838 ganger
Ticker: ELE

RE^2: ELE - South Korea won't ban the crypto

The voters are angry!

SEOUL, Jan. 11 (Korea Bizwire) – The governor of the Financial Supervisory Service, Choi Heung-sik, is facing calls from investors to resign from his post over his anti-cryptocurrency viewpoint.

The FSS has found itself in hot water after threatening to ban all cryptocurrency transactions in South Korea, as frustrated protestors took to the official website of the presidential Blue House to criticize Choi over over his lack of knowledge of a financial instrument that could replace money as we know it in the future.

A petition urging Choi to step down from his position had collected over 7,600 signatures as of Friday morning, claiming cryptocurrency investors make up President Moon Jae-in’s voting base, and hinting at a possible voters’ revenge.

The online petition, which first appeared on the website on Tuesday, will be taken into consideration by the Blue House if it manages to collect over 200,000 signatures within 30 days.

“Cryptocurreny investors are all lumped together as speculators. These 3 million investors are mostly young people who support President Moon, and are just citizens, not speculators,” the petitioner claimed online.

The petition also fired criticism at both FSS head Choi Heung-sik and Choi Jong-ku, the chairman of the Financial Services Commission, over their lack of understanding of blockchain technology and cryptocurrency.

“When you look at the government’s cryptocurrency policy, it fails to ensure equal opportunities and the process has been unfair, and the results unjust.