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Currencies

Over 210,000 petition Seoul to leave cryptocurrency market alone

Young investors angered by government plans to ban exchanges as values tumble

A man walks past an electric board showing exchange rates of various cryptocurrencies at Bithumb exchange in Seoul.   © Reuters

SEOUL -- Investors in South Korea are calling for the government not to meddle in the markets after its threatening messages on cryptocurrencies caused a crash in the value of bitcoin and other virtual currencies.

By Wednesday afternoon, more than 210,000 people signed an online petition asking President Moon Jae-In's government to halt efforts to control the virtual currency market.

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