South Korea Plans to Allow ICOs Under ‘Certain Conditions’
South Korea’s ban on initial coin offerings (ICOs) could be reversed in the coming months, according to a new report.
The Korea Times, a business-focused media company founded by Hankook Ilbo, one of South Korea’s largest newspapers, reported that the South Korean government will soon reverse its ban on initial coin offerings (ICO) and allow token sales under certain conditions.
In 2017, the government of South Korea banned domestic ICOs with immediate effect, leading to a widespread panic selling in the crypto market. The country’s citizen were also forbidden from investing in Korean ICOs.
This resulted in a number of
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