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RE: South Korea bans ICO, hmmm, do we need saving from government or do we need to grow up?
Off course they want to tax it. They see all this money flow and they don't get a cut. It's all very difficult because a government needs taxes to run. They have responsibilities towards it's citizens. They need to provide security, infrastructure and education. Only to name a few. The sad part is, they want the money for themselves too and there always will be corruption. Unless we can find a way for the blockchain to provide all the responsibilities that the government provides they will need taxes.
Who knows what government is thinking. One thing is for sure. Corrupt officials will find a way to get some money for themselves out of it most probably in form taxes or whatever reason they can think of. Scammers will always be there but banning ICO I think may not be the best solution.
Indeed. Thanks for your reply. I agree. In time the blockchain will solve a lot of issues and the role of governments will change.