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RE: South Korean Petition Against Crypto Regulation Gets 200K Signatures, Government Must Respond
Even though S. Korea is a prosperous country, its citizens recognize that cryptocurrencies provide freedom. Bitcoin has been a lifeline for people in Venezuela and Zimbabwe. I have little doubt bitcoin and other cryptos will provide a lifeline for people in other countries in the future as well.
with unemployment that high, I don't think it is a properous. At least it won't be in the near future. Yes, bitcoin will serve many more people in hyperinflation situations or in countires, which are politically instable in general.
The overall unemployment rate in S. Korea is low and the country is a First World country. No doubt many people within the country are struggling, as is the case in the U.S. and other First World countries, and it is much harder for younger workers to get jobs. If war breaks out with N. Korea, then all bets are off. In that case, the people will appreciate being able to take their wealth with them on a hardware wallet wherever they go.
Truly it can say that Korean people recognized cryptocurrencies provide freedom.