South Korea Has Implemented Ban On Initial Coin Offerings – ICO

Confusion Among  Korean Community

Crypto Korean – an authentic & reliable source for digital currency news agency within the nation was the first to highlight the news among Western readers. However Crypto Korean mentioned that there is disagreement which is “causing  frequent confusion among Korean community. However meanwhile the both outlets cited above doubts that Korea banned ICO some how they disagree about the extent of the ban. According to all media agencies FSS ban ICO in Korea.On the other hand JoongAng indicates that the meanwhile ban only applies to ICO recently launched by Korean startups. In any condition the ban seems to be short-term. Also it increased downward pressure on the ethereum prices as investors are keen for the details. A huge deal of ethereum volume is focused in Korean exchanges.It is expected that demand will fall with pessage of time  if local investors are banned from contributing to ICO or trading for ERC20 tokens. Korean markets have already demonstrated their strengths & ability therefore investors have reason to believe they will bear with this storm as well.

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