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

  • Yuri Molchan
    📰 News

    Нead of the Korean National Policy Committee, believes that Korea must not “close the ICO door completely”. Tokens have numerous of economic advantages


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

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.

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.

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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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