Initial Coin Offerings or ICOs are no longer legal in South Korea.。
The country's regulator, the Financial Services Commission (FSC), issued the ban following a meeting Friday, reasoning that ICOs are pushing the market into a "non-productive speculative direction."。
The regulator has also banned margin trading on cryptocurrencies.。
The regulator has also banned margin trading on cryptocurrencies. 。SEE ALSO:China bans ICOs for being full of fraud and pyramid schemes 。
By signing up you agree to our Terms of Use and Privacy Policy. 。
Thanks for signing up! 。
The ICO or a token crowdsale is a way of raising funds by selling digital tokens, typically based on the Ethereum platform. These tokens are different than company stock in the sense they rarely give its owners direct ownership of the company behind the ICO. They may have other value; usually the tokens provide a means to actively participate in the startup's project, and they can typically be sold for other cryptocurrencies, such as Bitcoin or Ethereum. 。
But several regulatory bodies, including those in the U.S., China, Hong Kong, Singapore and Russia, have recently warned that lack of regulations has turned ICOs into a playground for scammers.。
(责任编辑:知識)
Extreme Maryland rainfall shows how climate change fuels storms
Roseanne Barr says she 'begged' ABC not to cancel her show
In audit update, Facebook says it has suspended 200
Pole vaulter claims his penis is not to blame
Never forget that Donald Glover achieved early internet fame with a sketch about pooping his pants
'Brooklyn 99' Season 6 finds a surprise home with NBC
'Deadpool 2' tries to have it both ways: Review
Tourist survives for month in frozen New Zealand wilderness after partner dies
John McCain doesn't want Trump at his funeral
The U.S. will no longer have the final say on internet domain names
Review: Xiaomi Mi Electric Scooter is all over the roads for a reason