South Korea’s Government Responded to the Petition

The South Korean government has officially responded to the petition against unfair cryptocurrency regulations
14 February 2018   922

The South Korean government answered the petition entitled “Has the government ever dreamed a happy dream for the people?” It was filed on December 28. This petition claims the government to avoid excessive regulations for cryptocurrencies in the country and asks not to make unfair regulations on crypto investments.

By January 27, the petition was signed by 228,295 people. According to the rules set by the Blue House, the government must respond to any petition with over 200,000 signatures within a month.

It is the basic policy of the government to prevent illegal acts and uncertainties in the process of virtual currency transactions, and actively nurture blockchain technology…Transparency of virtual currency transactions within the framework of the current law is a top priority…We have been attentive and careful, keeping an open eye on market conditions, international trends, and all means.

Hong Nam-ki

Minister of the Office for Government Policy Coordination

In the middle of December, the Korean government started announcing regulatory measures for cryptocurrencies. Since then, the regulators implemented the real-name system on January 30.

The Korean Ministry of Justice proposed the most extreme measures including an outright ban on cryptocurrency trading. However, other ministers did not support such measures.

At the moment, regulators are developing the ways to tax crypto. There will be an official announcement within the first half of the year.

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows
18 February 2019   96

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system. 

Craig Wright


Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.