Is South Korean government backtracking on ICOs ban?

Asia Korea

The South Korean government seems to be backtracking on its decision to ban all ICOs and might be planning to allow some – under certain conditions.

Recent reports from The Korea Times suggest that which the authorities are concerned with the risks associated with the cryptocurrency market they might be working towards allowing some forms of ICOs, as long as they follow Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.

According to Kang Young-soo, FSC cryptocurrency trading policies director, speculations about the authorization of ICOs do exist but refused to elaborate.

 

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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