South Korea prepares to remove ico ban

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South Korea prepares to remove ico ban

According to the Korean times, the south korean government will allow the sale of token under certain conditions by removing the ban on the ico.

According to the Korean times, one of South Korea's largest newspapers, the south korean government will allow the sale of token under certain conditions by removing the ban on the ico.

" financial authorities are meeting with the country's tax office, justice ministry and other relevant state agencies about a plan that will allow the ico in Korea when the conditions are met." a known source from the south korean government told the Korean times.

Last year, the south korean government did not allow domestic investors to invest in the ico in the country, by ban local ico. South Korea's ico-Ban news has had quite a negative effect on the markets. As a result, by this decision of South Korea, entrepreneurs will be assigned to countries that offer friendly legal arrangements for crypto money businesses and ico projects such as Switzerland.

Meanwhile, last month, the country's most used messaging platform with kakaotalk, kakaotaxi and kakaopay is the largest internet company in South Korea, which has signed a taxi service and finance application, and is the largest internet company in South Korea, this month, and is crypto as a payment method of millions of users. He plans to integrate crypto coins like Bitcoin and ethereum to get them to use the money.

Cocoa also implied that a crypto-coin like binance coin would also be released. However, cocoa managers said that due to the ico ban in South Korea, the ico will not be able to move out of the country.