Damn, another country? What is it at so far? U.S., S.K, China? I think the trend of ICO's accepting donations as a way of funding the projects is going to increase drastically.
It seems the age of icos is going to have to change to adapt to this new circumstances, I do not think it is the end, it is likely that icos are going to require to identify yourself if you want to invest in the ico, I have seen some icos doing that already, but even if those measures are in place there are many people that are not going to abide for them and are going to cheat and invest in the icos anyway. 
Topic: South Korea Bans All Initial Coin Offerings (Read 1185 times)
It's because they cannot control it. If they could have regulations they would be more likely to accept it. I don't think it's a matter of lack of knowledge or not having the technical knowhow. After awhile when bitcoin is more accepted they will come along.
Damn, another country? What is it at so far? U.S., S.K, China? I think the trend of ICO's accepting donations as a way of funding the projects is going to increase drastically.
South Korea’s Financial Services Commission has announced that all initial coin offerings will be banned in the country. and said
"All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."
Source: https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/
What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?
It is necessary for the economy of a country when it wants to grow and they want to control and control everything according to their will. They still allow Bitcoin to work, but Bitcoin must be tightly controlled by the central bank and government, which is a sign of a developed nation."All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."
Source: https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/
What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?
I think they should find a way to regulate ICOs instead of outrightly banning it.
South Korea’s Financial Services Commission has announced that all initial coin offerings will be banned in the country. and said
"All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."
Source: https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/
What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?
"All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."
Source: https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/
What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?
I just wonder when they will ban etherum becouse 60m of eth was sold for 30 000 BTC:D so 77% is from coin creation by certain people.
IF they ban ICOs they should ban ETH why not ? But I see it trading on exchanges now ? Why ETH ICOs is better than other ICO ?
Just beacouse ETH ICO was older doesn't mean it is safer : ) .
They should not BAN ICO or ban all ICOs.
South Korea’s Financial Services Commission has announced that all initial coin offerings will be banned in the country. and said
"All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."
Source: https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/
What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?
It is necessary for the economy of a country when it wants to grow and they want to control and control everything according to their will. They still allow Bitcoin to work, but Bitcoin must be tightly controlled by the central bank and government, which is a sign of a developed nation. "All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."
Source: https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/
What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?
"Tightly controlled and monitored" basically describes the situation. They will %100 regulate ico markets and everyone will probably be forced (in law) to say what they are gonna do, what is their intention. It is good.
I do not see what good can come from this, if you think this is about protecting people that is a mistake this is about control, besides people need to do their due diligence and not to rely on someone else to do that job for them, if you do not care enough about your money then who is going to do it, your neighbor? Your friends? Make your due diligence and your chances of being scammed are going to be very low.
another ban on another scam ICOs.
Its really tricky to regulate ICO, but I doubt people still stop putting money to it.
Looks like ICO from Korea would be no longer allowed for sure.
Its really tricky to regulate ICO, but I doubt people still stop putting money to it.
Looks like ICO from Korea would be no longer allowed for sure.
because the trading of Bitcoin and other cryptocoins needs to be tightly controlled. Violators of the new ban will receive “stern penalties,” but no details of what those penalties will be have been provided. As ICOs increase in quantity and scale, they’ve attracted the attention of government regulators in various countries. Korean regulators may exact more measures to control cryptocurrencies after continuing to monitor the situation.
I can not understand why they have to do this, ico just need to strengthen the regulation, not prohibit
They did not ban all ICO projects, but ban new projects using ICO means from raising fund from the market, I do agree with this because most of these ICOs look scamming in my opinion and especially that part of the world where scam is very high
There we go, someone who reads the news item past the headline. They are no longer allowing ICOs to be conducted as a means of fundraising - fair enough. But they're not going to criminalize people just for having held ICOs or even buying tokens and coins during ICOs. But don't worry, the government is doing this for the good of people. Now all those people who ran ICOs will have to watch their work and deliver what they promised or they will be hounded.
The ban is most likely temporary. Korea has a strong following. They probably need time to put in regulations.
Now more and more countries are banned bitcoin and altcoin including ICO, I am saddened by this fact, should many countries that support ICO project because the presence of ICO can improve the economic prosperity nationally.
South Korea’s Financial Services Commission has announced that all initial coin offerings will be banned in the country. and said
"All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."
Source: https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/
What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?
"All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."
Source: https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/
What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?
I just wonder when they will ban etherum becouse 60m of eth was sold for 30 000 BTC:D so 77% is from coin creation by certain people.
IF they ban ICOs they should ban ETH why not ? But I see it trading on exchanges now ? Why ETH ICOs is better than other ICO ?
Just beacouse ETH ICO was older doesn't mean it is safer : ) .
They should not BAN ICO or ban all ICOs.
They did not ban all ICO projects, but ban new projects using ICO means from raising fund from the market, I do agree with this because most of these ICOs look scamming in my opinion and especially that part of the world where scam is very high
South Korea’s Financial Services Commission has announced that all initial coin offerings will be banned in the country. and said
"All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."
Source: https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/
What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?
Good job for the government of South Korea because they are protecting it's countrymen from possible scams. I know that move was just temporary for now because sooner or later they have to decide whether just to implement regulation on ICO's or maybe they will implement a total ban on ICO's forever. Just like China, or any other countries that has strong control in cryptocurrencies I know one day that they will realize the potential of these investments through regulating them. We can be safe if that happens and there would be no scammy ones who will try to cheat on investors worldwide. We need it for the safety of our investments because it is hard to earn money these days so for me it is okay to regulate ICO's and give them chance to prove they are legit. "All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."
Source: https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/
What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?
I think that after implementing a number of measures aimed at reducing the risk in carrying out ICO and protecting investors' rights against possible fraud, the South Korean government will resume this activity on the initial issue of coins, but will make this process more regulated. Ultimately, the government does not make sense to ban the holding of an ICO for good. Moreover, such activities make a certain contribution to the development of the country's economy, and the issue of digital coins ultimately creates additional conveniences for the life of citizens.
South Korea’s Financial Services Commission has announced that all initial coin offerings will be banned in the country. and said
"All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."
Source: https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/
What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?
"All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."
Source: https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/
What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?
I think South korea banned ICO is temporary as china did. After china's government perfect regulatory system, they will open the market again. the drain of money is not a good thing for those contries that banned ICO.
All these ICO's scam user one way or other. A little bit of restriction will be healthy for community and world in general. Also peace of mind for crypt's future prospect to be used as mainstream source of transaction.
We have to accept that most of ICOs today turn to be scam.They are just launched only to loot the money from public.The scam list has started to increase very high nowadays.
So,we could easily understand that each government has an important role in protecting its citizens from such scams.China has kicked the first goal in this matter by banning ICOs.Now,korea has decided just to follow china.
I think that the ban on ICOs would not be temporary and governments would not show interest in regulating ICOs as there seems to be no benefit for them in allowing ICOs.
So,we could easily understand that each government has an important role in protecting its citizens from such scams.China has kicked the first goal in this matter by banning ICOs.Now,korea has decided just to follow china.
I think that the ban on ICOs would not be temporary and governments would not show interest in regulating ICOs as there seems to be no benefit for them in allowing ICOs.
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