South Korean Government Maintains Ban On Domestic ICOs

in partiko •  15 days ago


The South Korean government has announced its decision to keep the ban on domestic ICOs in place, with the virtual currency task force of the Office for Government Policy Coordination citing the high risks associated with the ICO investment model, CCN reported.

According to CCN, local investors are currently allowed to invest in ICOs conducted outside South Korea.

CCN also pointed out that there is currently a consensus among crypto stakeholders on the pressing need for a tighter regulatory framework in the wake of a number of failed ICO token sales and exit scams.

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