Topic: South Korea Bans ICO's/Your Opinion (Read 852 times)
South Korea's ban on ICOs is a great thing. Authorities are starting to discern between the fakes and Bitcoin. If the authorities start backing Bitcoin then the near future looks bright for Bitcoin.
Hmm, looks like theres a person behind this Bitcoin price manipulation. First its China, now Korea? They really want BTC to dump? Ok I'll tell what will happened next.
Korea will banned their local exchange sites too. Next another prominent guy will curse Bitcoin in a live TV show.
This will surely dump BTC. Whats next? Whale will buy all the dumped BTC.
Korea will banned their local exchange sites too. Next another prominent guy will curse Bitcoin in a live TV show.
This will surely dump BTC. Whats next? Whale will buy all the dumped BTC.
I'm sure it's another fake. Now is not the time when you can abandon income. I think the Koreans know the rumors come from China and just decided to take the opportunity and earn the same way. After Switzerland buried his independent banking system I don't trust her. I think the oasis of cryptocurrency will be in a different place.
Totalitarian regimes always try to limit the freedom of people. So I'm not very surprised that this happened. South Korea is a country with very strict laws. I think this is a temporary measure. 
It's about time to have a strict regulation about ICOs. It's just another way of saying "I have the greatest idea about a certain thing but I don't have the funds to make it happen and I'll give you a portion of my profits in return", or in short, Ponzi. Other cryptocurrencies are being hurt by the negative impression a flop ICO creates causing other people to generalize that cryptocurrencies, including bitcoin is up to no good. Startups which really deliver amazing results are different from ICOs that are full of lies and visions made from thin air. Just my two cents.
I'm sure it's another fake. Now is not the time when you can abandon income. I think the Koreans know the rumors come from China and just decided to take the opportunity and earn the same way. After Switzerland buried his independent banking system I don't trust her. I think the oasis of cryptocurrency will be in a different place.
It's not worrisome development. It rather positive to future ICO. I think it would be better to have few places in the world but reputable ones and with clear rules. Zug valley for instance. Switzerland offers mild environment for startups and ICO. I have no intention to shill a swiss hallmark, just an example.
So I don't feel that news about one more country ban ICO would cause market crash.
So I don't feel that news about one more country ban ICO would cause market crash.
Well since bitcoin price not really affected by it, so I'm still fine with it.
If it's done for the good reasons then government could do anything they want to.
But now I think it's getting more complicated. I hope it will end well. And who knows which country will do the same.
If it's done for the good reasons then government could do anything they want to.
But now I think it's getting more complicated. I hope it will end well. And who knows which country will do the same.
I have mixed feelings about ICO.
I agree with you when a lot of people are rising ICO without a working MVP, they just want to make money with an idea, but nothing correctly planned.
On the other hand for people who have an outstanding idea, a feasible plan and a working product, I think we have to look closer, and give those people a chance to develop their plan.
I agree with you when a lot of people are rising ICO without a working MVP, they just want to make money with an idea, but nothing correctly planned.
On the other hand for people who have an outstanding idea, a feasible plan and a working product, I think we have to look closer, and give those people a chance to develop their plan.
The South Korea Financial Services Commission (FSC), the financial regulator, has announced a ban on all initial crypto-currency offers (ICOs) registered in the country. In addition to ICOs, margin trading is also prohibited in South Korean brokerage firms. FSC also plans to conduct on-site inspections in the operations of Korean brokerage firms. Initial currency offerings became popular in 2017 as a quick and bureaucratic and regulatory barrier to raising capital for startups worldwide. According to CoinDesk's ICO Tracker, this year alone, about $ 2 billion was made possible.
My personal 2-cents;
I don't believe they put a ban on ICOs. I simply think that they are just looking for ways to regulate and control the process.
Ban is just a big word they used because of their lack of english vocabulary.
I don't believe they put a ban on ICOs. I simply think that they are just looking for ways to regulate and control the process.
Ban is just a big word they used because of their lack of english vocabulary.
i don't like government if they banning ICO, still don't know what purpose them to do it.
but it's not give big affects for bitcoin price and ethereum because both of them only decrease 3 percent and 7 percent based on website news i just read on Internet.
but it's not give big affects for bitcoin price and ethereum because both of them only decrease 3 percent and 7 percent based on website news i just read on Internet.
According to The Verge & Business Insider, South Korea has followed China and banned all ICO's. The verge reports that "ICOs need to be banned because the trading of Bitcoin and other cryptocoins needs to be tightly controlled"
To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
i think ico is the new way get money and develop something, but it's getting more country banned ICO because there are many ico is not trusted some of them is just scam or for something that nonsense. so i very hate about ico. To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
they just ban KOREA ICO. not all ICO. people still can invest to other ICO base on other country. and korea doesn't have much ICO.
According to The Verge & Business Insider, South Korea has followed China and banned all ICO's. The verge reports that "ICOs need to be banned because the trading of Bitcoin and other cryptocoins needs to be tightly controlled"
To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
This is considered as a healthy thing by investors and traders because the price will go down and they will invest that very moment . South Korea, bans ICOs and Japan licenses exchanges on the other hand, I read in a article . ICOs are not the right way to raise funds from the government's point of view. So this might be the reason for why we see countries banning ICOs. To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
I do not worry if they bans ICO's to be in his country, we still have a country that think ICO's is a good thing. cryptocurrency develops well and eventually corrupt countries are increasingly afraid.
they claim that cryptocurrency is difficult to monitor, Is this the reason? do you think they are too afraid of not being corrupt?
they claim that cryptocurrency is difficult to monitor, Is this the reason? do you think they are too afraid of not being corrupt?
they will get them legalized again as they got a new policy to kill the scamming ICOs, IMO so that kind of FUD is shitty. no worries with that unless they literally ban bitcoin. 
I've got conflicted feelings. I hate ICOs, because all the people doing them now don't need all the money they're raising, don't have an actual product or plan to build one, or a little bit of both. People jump in on them exclusively to make money without doing a lick of research. I don't think people should participate in them.
I also begrudgingly accept that we probably will need government regulation to get more people to join the crypto ecosystem. So I think it's a good thing, in the short and the long term, but any time governments start to mess with crypto I get a little concerned.
I also begrudgingly accept that we probably will need government regulation to get more people to join the crypto ecosystem. So I think it's a good thing, in the short and the long term, but any time governments start to mess with crypto I get a little concerned.
This is a general sentiment of many regarding ICOs as it has indeed became also the platform of many scammers to get into cryptocurrency and probably maker some money and then left their investors holding empty bags as the coins or tokens they bought can be worthless if the project is a farce right from the very beginning. However, there are also good ICOs which can really add more benefits to the whole market. I agree that we need regulations and strict implementation so we can weed out the bad eggs. I am also proposing a self-regulation type in tandem with what the government can be implementing. I am hoping that soon South Korea will come up with a strictly implemented platform for ICOs.
if I remain convinced that the impact of china and korea on ico circulation will not change anything. this is evidenced by the development of bitcoin after issues from china that until now remain stable in terms of price.
I think this is a temporary issue so I hope we are not affected
I think this is a temporary issue so I hope we are not affected
As long as they dont ban bitcoin then im not concerned in fact ICO's is not good for both traders and newbie investors who wants to join up the crypto platform then gets turned off by these kinds of projects that scams people by offering discounted tokens that's not been release and promises its investor to gain 400% profit. This was going to happen sooner or later anyways crypto shpuld be just traded by a reputable not crowdfunded by an unknown dev and CEO.
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We are not sure about that i think that is only a little bit problem not all countries are banned. ****
We are not sure about that i think that is only a little bit problem not all countries are banned. ****
but they have no power to ban all countries. THere are tax heavens where can land for some fee all ICOs and no problems for them.
Problem will be commercials and event promoting them in US/EH/China
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