South Korea has tightened the noose around the blockchain community by banning initial coin offerings (ICOs), becoming the second Asian country in a month to prohibit the new crowdfunding model. ICOs No More Seoul’s Financial Services Commission announced the decision on Friday, stating that all kids of ICOs will be banned. Regulators said the trading of digital currencies will also be tightly regulated. South Korea has been trumpeted as one of the blockchain community’s biggest allies, given the country’s rich technological heritage. The South Koreans have long kept an open mind with respect to cryptocurrency. This can be observed as […]
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