This is reported by the local media with reference to the speech of the FSC’s representative

​The South Korea's regulator may allow ICO

24.11.2021 - 08:35

79

1 min

What’s new? Do Gyu-sang, vice chairman of South Korea’s Financial Services Commission (FSC), addressed the Political Affairs Committee of the South Korean National Assembly. During the speech, he offered to lift the ban on the ICO procedure.

News source on the Money Today website

What innovations await market participants? If the initiative of the South Korea's FSC representative is supported, the ban on ICO may be lifted completely. At the same time, companies that want to raise funding through ICO will be subject to special financial reporting requirements.

According to the officials, such an approach will protect users from possible fraud and allow only vetted and promising projects to develop.

Author:

Michael Golikov Michael Golikov

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