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

Tue, 10/02/2018 - 17:22
Yuri Molchan
Нead of the Korean National Policy Committee, believes that Korea must not “close the ICO door completely”. Tokens have numerous of economic advantages
Cover image via U.Today

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 is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at

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