South Korea to Take Final Decision on ICOs in November, Says Top-level Official
South Korean authorities continue discussing the possibility of reallowing ICOs within the country. The final decision is going to be revealed in November 2018.
South Korean authorities continue discussing the possibility of reallowing ICOs within the country. The final decision is going to be revealed in November 2018.
A group of politicians have proposed a new bill that aims to legalize the launch of new digital currencies and Initial Coin Offerings in South Korea.
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 native cryptocurrency ‘Kakao Coin’ will be used across company’s other services and apps platforms like Kakao Games, Kakao Driver and KakaoTalk.
South Korean Financial Supervisory Service follows the recent move of China announcing ban of initial coin offerings.