South Korea Is Removing the ICO Ban Within the Country

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South Korea Is Removing the ICO Ban Within the Country

  • Diana Dsouza

    South Korea is no more a crypto-friendly country after the country hit ICO ban back in September last year but the case may now change. According to the local media, South Korea’s National Assembly proposed a plan to lift the ban on ICO, hence to allow domestic Initial Coin Offering again.

    South Korea’s National Assembly, the unicameral national legislator of South Korea comprising 300 members was reportedly studying the “Fourth Industrial Revolution”. The focus of such study is to legalize the cryptocurrency within the country – With this, South Korean is closer to remove the country’s ban ICO which the Financial Service Commission outlawed token sale in September 2017.

    During a general meeting on Monday at the National Assembly’s Special Committee, the panel discusses the failure of attaining “accurate regulatory reform” to knob up the “expansion of blockchain application” within the country. As a result, major South Korean companies were relocating to crypto-friendly countries like Singapore and Switzerland.

     

    Read News here: https://coinpedia.org/news/south-korea-is-removing-the-ico-ban/

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