The prohibition of crypto-currencies can lead to negative economic consequences

A well-known Canadian entrepreneur and an apologist for block-tech Don Tapscott is convinced that South Korea can "destroy its economy" if it decides to go for a complete ban on the crypto-currency industry. He also added that this applies to other countries considering radical measures. This is reported by The Korea Herald.

"The ban on crypto-currency and ICO is a practice used by dictators and undemocratic countries. Such a policy will lead them to economic collapse, "Tapcott said.

The entrepreneur and author of the works on the blockade revolution believes that the South Korean authorities should choose the path of "reasonable regulation." Radical measures for new technologies, provoked by fear, are not new, however, according to Tapskott, always led to a slowdown in the growth of domestic industry.