Seoul can consider repeal of ICO ban
Seoul can revise its decision on the ICO ban driven by the official recommendation from the special committee on the fourth industrial revolution under the National Assembly.
As reported Busines Korea, the committee stated that the government disregarded its responsibilities in the blockchain area and urged to consider the proposal of protection policy for the investors in the ICO market.
The central administration did not provide the companies with the strict and clear guidelines, so they are leaving the country to Singapore or Switzerland to hold their ICOs and had to pay additional costs.
“We need to form a task force including private experts in order to improve transparency of cryptocurrency trading and establish a healthy trade order. The administration also needs to consider setting up a new committee and building governance systems... We will also establish a legal basis for cryptocurrency trading, including permission of ICOs, through the National Assembly Standing Committee,” reads the statement.
The ban on ICO has been effective in South Korea since last September. At the same time, this March there were rumours that the authorities were considering ICO certification striving to boost blockchain development.
30 May, 2018 11:32
← EOS holders have to register Ethereum-addresses – Block.one
With the upcoming launch of the main EOS network, the management of the Block.one project stated that all holders of ERC-20 EOS tokens would have to pass registration of Ethereum-addresses by June 2. This move is said to secure smooth conversion of the old tokes into new ones after the main network comes on stream.
29 May, 2018 14:50
11 countries no longer can trade on Bithumb →
Bithumb has closed its doors for a number of traders worldwide, as the exchange followed the requirements under the anti-money laundering law. The platform has become unavailable for 11 countries running low-effective policy against the money laundering and terrorist funding. The list includes North Korea, Iraq, Iran, Ethiopia, Bosnia and Herzegovina, Syria, Sri-Lanka, Tunisia, Trinidad and Tobago, Yemen and Vanuatu.
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