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.
Taiwan’s authorities refuse to follow the examples of China and South Korea in banning ICOs and join Japan in its bitcoin-friendly approach.
The value of the digital currency continues its upward trend, despite Chinese crackdown on virtual money and uncertainty regarding SegWit2x activation.
According to project founders, the initiative will help to bring greater transparency and accountability for funds raised via initial coin offerings.
South Korean Financial Supervisory Service follows the recent move of China announcing ban of initial coin offerings.