On Tuesday morning, a petition in South Korea reached the number of signatures requires garner a response from the government. With 200,000 people signing the petition against the regulation of digital currency, the next official statement will be from the South Korean government remains to be seen.

The online petition was started in response to the government stance issued at the end of December, whereby it vowed to look into stricter regulatory control of digital currencies. Yesterday, the survey reached 212,700 signatures, well over the minimum amount required to force officials into a response within the next 30 days.

Within the petition, the government has been asked to renounce the discussed trading regulations relating to cryptocurrencies, but it does still support some of the proposed regulations. These include the desire to ban anonymous trading accounts, as well as putting in place regulations that are right for the industry.

In recent years, investment in digital currencies has continued to grow in popularity among the younger generations in South Korea. This is primarily as a result of high youth unemployment. Mining bitcoin and other digital currencies, and currency trading provide an exciting way for young people to invest and to potentially make money.