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    Categories: AltcoinsBusinessFinanceNewsRegulation

ICO Ban to Continue in South Korea, FSC Says

South Korea’s state financial regulator Financial Service Commission (FSC) will continue the ban on initial coin offerings (ICOs); this was confirmed in a press release published on January 30, 2019.

ICO Fiasco in South Korea

South Korea officially curbed ICOs on September 29, 2017, when the FSC stated that it would ban all forms of the blockchain funding method “irrespective of technical terminology.” The financial watchdog also banned margin trading on cryptocurrencies through the ruling.

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