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

  • Paul Hackley
    📰 News

    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

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.

Cover image via u.today
Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!

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.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings