South Korea: Government To Decide On Allowing ICO’s In November

Paul Hackley
The South Korean government will decide on whether to allow ICO’s in the country in November. The Financial Services Commission is conducting an ICO survey for two months
South Korea: Government To Decide On Allowing ICO’s In November
Cover image via U.Today

The South Korean government will decide on whether to allow ICO’s in the country in November, the head of the office for government policy coordination Hong Nam-ki said.

“The Financial Services Commission is conducting an ICO survey for two months in September and October. We are going to form the position of the government in November based on the results of the investigation at the end of October,” Hong said in response to the question on permitting ICO’s by Jeon Haecheol, a lawmaker from the ruling Democratic Party.

“If we waste time, the Blockchain industry could face huge difficulties. We need to look at very realistic and specific ways to nurture the Blockchain industry, and I think permitting ICO is one of them,” Jeon said during the questioning.

About the author

Paul Hackley is a journalist and essayist, focusing on blockchain and cryptocurrencies, with a strong interest in the future of the technology.