Korean Government Expected to Announce ICO Stance in November, Official Says

The South Korean authorities is anticipated to announce its place on preliminary coin choices in November, in accordance to a high-ranking official. The choice will observe the end result of the survey which the nation’s Monetary Supervisory Service lately despatched out to home blockchain firms.

Additionally learn: RBI Argues Supreme Courtroom Ought to Not Intervene With Its Crypto Resolution

ICO Stance Expected in November

Hong Nam-ki, Chief of the Workplace for Government Coverage Coordination, conveyed throughout a parliamentary audit on Thursday that “The Korean authorities is probably going to announce its stance on the a lot–disputed standing of preliminary coin choices [ICOs] in November,” the Investor reported.

He defined survey on ICOs has been despatched to native blockchain firms by the nation’s Monetary Supervisory Service (FSS). The FSS is liable for setting some insurance policies on cryptocurrencies together with anti-money laundering measures. The goal of…

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