In September 2017, at the height of the initial coin offering (ICO) mania, South Korea’s financial regulator banned all token sales in the country, taking after neighboring China. Now, the watchdog wants this ban reversed and is calling for regulation in the sector. A local outlet Money Today report reveals that the Financial Services Commission (FSC) may be changing its stance on ICOs. The vice chairman of the FSC Do Gyu-sang argued that the country should reexamine its hardline stance against ICOs and, rather than impose a blanket ban, it should regulate them. Do…
South Korean regulator wants ICO ban reversed
