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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.