South Korea to lift ICO Ban

South Korea's National Assembly makes an official proposal to lift the ICO ban in the country.

Nearly eight months after a blanket ban on initial coin offerings (ICOs) was placed, South Korea’s National Assembly has reportedly made an official recommendation to allow domestic ICOs in the country.

On Tuesday, the 300-member national legislature has made an official proposal to allow domestic ICOs in the country by preparing and adhering to relevant investor protection provisions.

This is done in a bid to stop the exodus of domestic companies going to friendlier jurisdictions in Singapore and Switzerland to conduct ICOs.

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