The South Korean government is currently in the process of implementing regulations for the cryptocurrency industry. Things have gotten out of hand in South Korea lately... my friend says it's pretty common for people to sell their houses to buy cryptocurrency.
As a result, the government is rushing to pass regulations to protect consumers from themselves. Part of these regulations include implementing a strict purchase path for consumers. In the future, most people will have to purchase cryptocurrency through a select number of middleman companies.
In addition to major corporate investment... these things are also happening for ICX...
- Mainnet launch.
- Korean exchanges going live with ICX/KRW pair.
- More partnerships to be announced.
Looking forward to an amazing year for ICON.