The National Assembly of South Korea has put forward an official recommendation to allow the domestic ICOs in the country.
The Financial Services Commission is currently having a third-party view on the decision to lift the ICO ban and is simultaneously exploring ways to use advance blockchain-related technologies and effectively regulate crypto-trading.
The People’s Bank of China recently announced its decision to introduce a complete ban on ICOs, a stunning move that sent shockwaves throughout the world. The global blockchain is abuzz, parsing this decision and its potential consequences.
Chinese authorities are reportedly going to impose further restrictions on bitcoin and other digital currencies, following a recent ban on initial coin offerings.