The current situation with Initial Coin Offerings (ICO) in South Korea is very precarious. The government banned any types of ICO and anonymous crypto trading. We’ve already reported about new regulations introduced by the government.
Now there is a chance that ICO is going to be legal again.
South Korea is the country that is totally intolerant to money laundering and any other kind of fraud. The authorities are considering ICO as one of them. Still, there is a chance ICOs get back to the game as the government is about to announce the new regulations in November.
“We have had several discussions (on ICOs). Once the survey results are in by end-October, we plan to finalize the government’s stance,” – said Hong Nam-Ki, the chief of the Office for Government Policy Coordination.