RE: South Korean Petition Against Crypto Regulation Gets 200K Signatures, Government Must Respond
Governments are going to find out how they are an unwelcomed intruder into the world of crypto. It is interesting the watch the banksters embrace blockchain since that is what is going to clean their clocks. Nothing can stand up to it.
In the end, governments are under attack. The blockchain will be able to replace a great deal of what the government does without the secrecy and corruption. This is going to be a major problem for the business as usual crowd.
The South Koreans see how this move is a threat to them. At the same time, I would guess the government there is equally aware of what blockchain can do to them.
The more publicity this gets, the less likely the government and their masters, the banksters, will be able to contain it. Even the media is being lured into the fray.
In the end, this is a force that cannot be stopped. The merits of blockchain are starting to be realized by people. Once decentralized exchanges become commonplace, the governments chance of banning or regulating anything is done.
Many countries government now ban the cryptocurrencies in their country. My country government did this already.