Breaking news: South Korea’s Members of Parliament introduce proposal that will aid in lifting ICO ban

South Korea banned domestic Initial Coin Offerings (ICOs) in 2017. This action led many cryptocurrency related businesses to shift base to other crypto-friendly countries. However, the National Assembly has introduced a proposal that will see crypto projects allowed to fundraise internally. The report backed by at least 300 Members of Parliament seeks to legalize ICOs and encourage talks between the South Korean government and the private sector specializing in blockchain and other related projects.

 

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