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South Korea’s Political Agency Chief Urges ICOs to Be Legalized

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Tue, 2/10/2018 - 17:22
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South Korea’s Political Agency Chief Urges ICOs to Be Legalized
Cover image via U.Today
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Min Byung-Doo, head of the Korean National Policy Committee, believes that South Korea must not “close the ICO door completely” and ignore this global trend. He added that tokens have numerous economic advantages and that a lot of startups that made ICOs have a promising future. This is what he spoke about during the National Assembly session.

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However, Min emphasized that the industry must be regulated before it is legal. In September of the previous year, the country’s regulator imposed a ban on coin offerings, but since then this topic has become hot and the local crypto community hopes the ban will be lifted soon even if ICOs should be regulated first.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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