Korea Gov. will ban all kinds of ICO - page 2.

trecore4

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Quote from: dewanaga on September 28, 2017, 08:38:22 PM

Quote from: oh_bitrich on September 28, 2017, 08:30:06 PM

http://v.media.daum.net/v/20170929100212900

What it says is "Korea will ban any kind of ICO." It is official from the Government.

Recall what happened when China banned all the ICO.

it is very dangerous if korea prohibits ico as well,
it can be neighboring countries of other neighbors follow like china

That's not good news at all because if this chain continues to grow then don't forget there big and heavily populated ciuntry next to china and Korea and its none but India! I believe India is having lot of investors involved into the bitcoin. If they can have billion billion dollars in black money according to last years economy then for sure big investors are might be all into bitcoin. If India bans the ICO thing which they will because they might not be wanting anymore chaos within the country then it could fluctuate the bitcoin market really bad. That will be hard to digest really. Hope this chain discontinues at Korea only and rest of the world accept everything in proper way.

Boomber

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If korea goverment ban all kinds of ico, we must be prepared that price of coins will fall and investors will be less.

gribble

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Quote from: oh_bitrich on September 28, 2017, 08:30:06 PM

http://v.media.daum.net/v/20170929100212900

What it says is "Korea will ban any kind of ICO." It is official from the Government.

Recall what happened when China banned all the ICO.

Yes Korea government will ban all of kind of ico but South Korean Startups Are Preparing To Fight The Government's ICO Ban https://www.forbes.com/sites/elaineramirez/2017/10/03/south-korean-startups-are-preparing-for-war-against-ico-ban/#11c462f72868
Should be the Korea government listen their people on there and find the best solution for it, due to it will being to difficulty ban the people of Korea investment in the ico or they can ban internet connection too. Cheesy

Loremipusum

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Quote from: sandy14350 on October 02, 2017, 12:46:48 AM

hope this madness doesnt reach india and get cryptos banned here

Yes but that would be awesome, because bitcoin will then fall very hard to 1000 dollars something like that. If that happens the dumb people will sell their coins in order to save their money they think. But the smart ones will save their bitcoin. Bitcoin will hit 50k dollars i would then be rich. Yes

redboss

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Some thoughts about the Korea ICO ban from BoxMining:
https://www.youtube.com/watch?v=AYealILAXeI

sandy14350

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hope this madness doesnt reach india and get cryptos banned here

yillusion

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They just submitted the bill and they need congressional approval, this at least will be half a year or more, and the effection of South Korea is very small campare with China

Hermangioherman

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I disagree about that issues. Because Korea still need a ICO.

Pattart

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Quote from: V1saya on September 30, 2017, 09:04:08 AM

Quote from: cryptotal on September 30, 2017, 08:51:49 AM

If this is true. It means ICO they want to regulate the number of altcoins now. Which is good for the crypto industry.

This is really a good step to the crypto industry. There is really nothing to be feared of about ICO regulation because it is much needed. This a way to make the reputation of ICO great again. I just hope that the prices will not be affected though. But I can see that the prices are intact in general including Bitcoin's.

If there is a regulation on ICO of course the ico list that will be present will be less because they will certainly face on certain conditions and rules? but of course it has risks and negative effects. if you know how a tender is won by a particular company in a country or how one passes their project out of government regulations. they bribed the government to get them out of certain terms and rules. I'm afraid this happens to ico. when ico is given regulation. many bribery and corruption ?

bitcoinvestor

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Quote from: Buckwheet on September 28, 2017, 09:23:48 PM

Korea gov is friendly with USA gov so I think they will just control ICO. not ban it. many good ICO from USA still coming

Sooner or later, a govt will regulate ICOs not ban at all, because a new start up will grow with ICO model as the fund raising instead of borrowing money from banks. Govt can get benefit by taxing ICos and new start ups will be a drad new employments in the field. I think no reasons to ban ICO at all

Sync485

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i dont think they are gonna ban all icos. but definently they shouldnt let everyone to create ico. it must be controlled. other way it is too easy for scam icos. and hard to find good icos.

V1saya

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Quote from: cryptotal on September 30, 2017, 08:51:49 AM

If this is true. It means ICO they want to regulate the number of altcoins now. Which is good for the crypto industry.

This is really a good step to the crypto industry. There is really nothing to be feared of about ICO regulation because it is much needed. This a way to make the reputation of ICO great again. I just hope that the prices will not be affected though. But I can see that the prices are intact in general including Bitcoin's.

cryptotal

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cryptotal

If this is true. It means ICO they want to regulate the number of altcoins now. Which is good for the crypto industry.

nomenclatur

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Quote from: BillyBobZorton on September 30, 2017, 08:04:36 AM

Quote from: rannovan on September 30, 2017, 07:57:40 AM

so now just has japan
china BAN ICO
korea BAN ICO

if all BAN ICO so how bitcoin at the future?
will drop?

The price didn't even move this time. Looks like "ICO ban" news have lost its shock factor and nobody cares.

South Korea didn't even ban ICO's far as long as I know anyway. They only banned South Korean hosted ICOs, not all ICOs from all countries, but I expect more and more countries to ban ICOs. There will always be places to host ICOs anyway, it's not a problem, and the Bitcoin price doesn't care about any of this ICO drama anymore anyway.

After South Korea, I think singapore also concentrate on banning ico and shut down all crypto business, if true then chinese can give effect to those two countries, they are afraid without seeing positive side of ico.

Why did not they arrange it? are they incapable? they should be doing comparative studies to Japan in order not to seem frustrated prolonged and harming bitcoin users in their country.

keyrun

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It's just ups and downs for blockchain technology, the technology is now so deeply implemented in society, we can't ignore or ban it completely.

Cryptonodes

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The trend is very strong so I don't think this ban is important.

It's very difficult to stop the internet, cryptos, ICOs, tokenization, ...

BillyBobZorton

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Quote from: rannovan on September 30, 2017, 07:57:40 AM

so now just has japan
china BAN ICO
korea BAN ICO

if all BAN ICO so how bitcoin at the future?
will drop?

The price didn't even move this time. Looks like "ICO ban" news have lost its shock factor and nobody cares.

South Korea didn't even ban ICO's far as long as I know anyway. They only banned South Korean hosted ICOs, not all ICOs from all countries, but I expect more and more countries to ban ICOs. There will always be places to host ICOs anyway, it's not a problem, and the Bitcoin price doesn't care about any of this ICO drama anymore anyway.

rannovan

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so now just has japan
china BAN ICO
korea BAN ICO

if all BAN ICO so how bitcoin at the future?
will drop?

Red-Apple

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Quote from: Leomarco on September 30, 2017, 07:34:46 AM

Korea Gov will ban all types of ICO, I am confused with countries like korea, china which forbids ICO, did they not think first in taking decision in recognizing ico or btc in his country, why now? or this is just their political issue in playing the btc price in their country, without korea and china I think BTC remains triumphant.

yes they thought about it and they make the decision that they have nothing against bitcoin. many even considered bitcoin a good thing and legalized it already. others are in the process of legalizing it.

then they looked at ICOs and they decided these things are a breeding ground for scams (something we already knew ourselves) so they banned them. many other countries have already banned ICOs or they are planning on banning them.

the only reason why you hear bitcoin being related to ICOs is because the news wants to scare you so they lie and spread FUD. they have nothing in common.

Leomarco

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Korea Gov will ban all types of ICO, I am confused with countries like korea, china which forbids ICO, did they not think first in taking decision in recognizing ico or btc in his country, why now? or this is just their political issue in playing the btc price in their country, without korea and china I think BTC remains triumphant.

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