South Korean ban of the ICOs might come to end soon

Home » BLOCKCHAIN » South Korean ban of the ICOs might come to end soon
South Korean ban of the ICOs might come to end soon

The ban on Initial Coin Offerings (ICO) in South Korea can be canceled in view of the official recommendation issued by the special committee of the National Assembly for the Fourth Industrial Revolution. In particular, the committee accused the government of neglecting its responsibilities in the blockchain sector and urged the study of proposals to protect investors in the ICO market.

In addition, the department’s employees called for the formation of a working group of government officials and independent experts to develop policy in the blockchain sector and ensure transparency of cryptocurrencies.

“We will create a legal basis for trade in crypto-currencies, including the permission to conduct ICO through the Standing Committee of the National Assembly,” the statement said.

In early March, local media reported that the South Korean authorities are preparing a plan to legalize the ICO with the goal of developing blockchain technologies. In May, the Democratic Party of South Korea, with the support of legislators, began to develop a legal and regulatory framework for the legalization of ICOs

  • bitcoinBitcoin$3,941.89
  • ethereumEthereum$146.19
  • rippleXRP$0.326812
  • tetherTether$1.00
  • eosEOS$3.79
  • stellarStellar$0.089106
  • litecoinLitecoin$50.61
  • cardanoCardano$0.046799
  • tronTRON$0.024841
  • moneroMonero$49.86
  • iotaIOTA$0.307928
  • nemNEM$0.043570
  • dashDash$87.16
  • neoNEO$9.05
IBM used blockchain to ship 28 tons of citrus fruits from China to Singapore
On the eve of the Chinese New Year celebration, the technological giant IBM delivered 28 tons of oranges and tangerines from China to Singapore. When issuing a bill of lading confirming the contract of shipment, the blockchain technology was used, reports CoinDesk. IBM experts note that the electronic bill of lading (e-BL) has accelerated administrative […]
2019-02-19 0 12
What Can I Buy with BTC and What Sites Use It?
In the autumn of 2017 cryptocurrency fever triggered a high interest among trade agents in using BTC as payment method both for online and offline commerce. People were thrilled and excited. Searches on Google like “where to pay with bitcoin”, “where to spend bitcoin”, “bitcoin stores” were most frequent those days.  Unfortunately, raising fees for […]
2019-02-18 0 39
The media confirmed the launch date of the test network Telegram Open Network
The Telegram Open Network (TON) blockchain platform, behind which the popular messenger operator stands, is 90% complete, and the launch of the test network is scheduled for the end of March 2019. It is reported by The Block, with reference to the report received by the investors of the project. As the newspaper notes, Telegram […]
2019-02-11 0 15
Media: the cost of the Telegram internal cryptocurrency could reach $ 30 billion
By the end of 2019, the total cost of the internal token Gram of the blockchain project Telegram Open Network (TON) could reach $ 29.5 billion. The Bell reports with reference to the report HASH Crypto Investment Bank. According to the investment company, the target cost of 1 Gram token by the end of 2019 […]
2019-02-07 0 11
© 2017–2018