In spite of Continuous Tests, ICO Legalization within the Cards in South Korea – Bitcoints

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Published on May 15th, 2018 | by bitcoin

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In spite of Continuous Tests, ICO Legalization within the Cards in South Korea

In spite of Continuous Tests, ICO Legalization within the Cards in South KoreaDespite probes into exchanges as recent as last week, there are concerted efforts to re-legalize initial coin offerings in the country.
Leading the charge is Hong Eui-rak, a member of the ruling Democratic Party of Korea.
Recently appointed FSS governor Yoon Suk-heun was quoted by The Korea Times saying there were “some positive aspects” to cryptocurrencies.
Given the surge in popularity of trading in South Korea, Bithumb is breathing new life into the cryptoATM industry.
Talk of South Korean internet conglomerate Kakao’s plans to launch an ICO outside of the country may have forced the hand of in-country regulators.

Source: Cointelegraph.com

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