South Korea Bans All Initial Coin Offerings - page 4.

hasmukh_rawal

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Quote from: VitKoyn on September 29, 2017, 02:36:23 AM

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?

You have the answer in your post itself. The statement itself says that trading of virtual currencies needs to be tightly controlled and monitored which means the they want to monitor the trading and that is the reason why they have banned the ICOs.
They will surely remove the ban once they regulate the ICOs and then there will be no more scammers trying to steal our money.

jorneyflair

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Quote from: VitKoyn on September 29, 2017, 02:36:23 AM

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's probably going to be permanent.

I guess they followed in China's steps and basically did the same thing that China did. They're likely not going to change their decision, at least any time soon.

I mean they could be banning it now until they can figure a way of regulating it. So i could be wrong about this, potentially.

withche.07

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"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.

Tryto

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Quote from: VitKoyn on September 29, 2017, 02:36:23 AM

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?

I think they implement something to regulate all this stuff. Financial regulation is a little bit scary about ICO.

VitKoyn

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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?

Topic: South Korea Bans All Initial Coin Offerings - page 4. (Read 1185 times)