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.