Cryptocurrency
South Korea to Decide on ICO Legality in November, Official Says via @coindesk
As reported by Coindesk, “The South Korean government will make a decision in November on whether it will allow initial coin offerings (ICOs) again in the country, a top-level official has said. “Hong Nam-ki, head of the office for government policy coordination, told lawmakers during the National Assembly’s annual audit on government actions that regulators […]
As reported by Coindesk, “The South Korean government will make a decision in November on whether it will allow initial coin offerings (ICOs) again in the country, a top-level official has said.
“Hong Nam-ki, head of the office for government policy coordination, told lawmakers during the National Assembly’s annual audit on government actions that regulators in the country have been reviewing the topic in recent months, as CoinDesk Korea reported on Thursday.
“Hong added that the Financial Services Commission (FSC), South Korea’s markets watchdog, has been conducting surveys on ICOs since September.
“‘We are going to form the position of the government in November based on the results of the investigation at the end of October,’ he went on to say.
“Hong was responding to the question on ICO permission raised by Jeon Haecheol, a lawmaker from the ruling Democratic Party, who voiced support for lifting the current ICO ban.”