As the South Korean government keeps strengthening the harsh rhetoric against cryptocurrencies, citizens have become increasingly angry due to the recent words from regulatory authorities. Over the weekend, petitions started to appear on the web, seeking the removal of the head of the country’s Financial Services Commission (FSC).
Over 141,000 Signatures Collected in One Petition
The presidential website is now being filed with thousands of petitions from furious people aged 20-39, seeking that Eun Sun-soo, the FSC’s chief, resign. The drop that broke the glass were the statements from Eun over the weekend, who stated that crypto has no “intrinsic” value whatsoever.
But that’s not something new within the South Korean government’s bodies nor banking institutions. In fact, that’s the same rhetoric replicated by Seoul’s government and the Bank of Korea regarding cryptos.
However, Eun has been quite active in his warnings on the new regulations that came into force.
If domestic crypto exchanges didn’t comply by September with