• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Brazilian Fintech Méliuz Launches $78.6M Bitcoin Share Offering

    Meta Shareholders Reject Bitcoin Treasury Proposal

    Tether Supports Twenty One Capital’s $100M Bitcoin Purchase

    Tether Supports Twenty One Capital’s $100M Bitcoin Acquisition

    BlackRock Denies Alleged Bitcoin Sale Reports

    Czech Justice Minister Resigns Amid $45M Bitcoin Controversy

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    SEC Cautions Staked Ethereum, Solana ETF Viability

    James Wynn Aims for $1B Comeback After $60M Loss

    James Wynn’s $1B Comeback in Crypto Trading

    Shiba Inu Burns 1.17 Billion Tokens in Supply Reduction

    Solana Price Faces Decline Amid Market Shifts

    Cardano Faces Critical Support Test Amid Market Volatility

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Korean Lawmakers Working Towards Removing ICO Ban

Joshua T. by Joshua T.
October 6, 2018
in Finance & Blockchain, Latest News
Aone filed against Cashierest

Source: en.wikipedia.org

Since the ban of ICOs was announced in South Korea, several lawmakers have sponsored multiple bills targeted at lifting this ban or to provide a better regulation for initial coin offerings (ICOs). Unfortunately, these bills are still pending at the National House of Assembly.

Five Bills Pending

A recent report has made it known that as of now, there is five crypto related proposed bills still pending in the House of Assembly.
The report also shows that an amendment to the Electronic Financial Transactions Act has also been proposed by lawmaker Park Yong-jin of the Democratic Party. The amendment of this act is expected to help regulate the crypto market as well as ICOs.

A member of the house, Ha Tae-kyung as recently made it known that more than 8 lawmakers are actively working towards lifting this ban on ICOs. The bill will also take care of regulating all aspect of the crypto market, which is mainly trading, brokerage, and management.

KBA Regulating ICOs

The most important, well recognized and self-regulated crypto association in Korea, the Korean Blockchain Association (KBA) has also drawn up its rulebooks for governing crypto related activities. This rulebook has a section which caters for crypto exchanges and ICOs. This makes it convenient for anyone trying to set up any of these two follow a clear and “legal” path.

The KBA guideline stipulates that all ICO issuer need to make sure all their tokens are strictly in adherence to some set standards and also they need to get approved by the Financial Services Commission (FSC). Once all these are in place, they can then proceed to launch an ICOs
The association is well known for enforcing a legal framework, through which its member can operate within Korea.

According to the chairman of the association, Chin Dae-je, an ICO will only be allowed to take place once it has been examined thoroughly by the group. Information in the white paper or any other means of publications will also be greatly considered. Upon approval, the token issuer is only allowed to receive “only transparent funds” from identified investors.

Tags: BillsICOKoreanLawmaker
Previous Post

What is the Lightning Network and How It Works

Next Post

Cardano (ADA) sets to Skyrocket Before its Mainnet Launch

Joshua T.

Joshua T.

Related Posts

Blockchain Life 2025 To Host Global Crypto Leaders in Dubai

by Solomon M.
May 31, 2025

The Blockchain Life 2025 in Dubai anticipates over 15,000 attendees, featuring crypto leaders and regulatory discussions.

Stolen Cetus Funds Secured in Multi-Sig Wallet

by Solomon M.
May 31, 2025

Cetus hack sees $160M in stolen funds frozen and secured in a multi-sig wallet on the Sui network. Coordination efforts...

US Supreme Court Sides with IRS in Coinbase Records Case

by Joshua T.
May 31, 2025

IRS gains Supreme Court backing to access Coinbase user records for tax inquiries.

Coinbase User’s Right to Block IRS Access Denied

by Solomon M.
May 31, 2025

The U.S. government denies Coinbase user James Harper's attempt to block IRS access to his crypto records, citing legal procedure...

Meta Shareholders Reject Bitcoin Treasury Proposal

by Solomon M.
May 31, 2025

Meta shareholders reject proposal to invest in Bitcoin, maintaining a conservative treasury policy.

Crypto Market Faces Bearish Pressure Amid Price Drop

by Solomon M.
May 31, 2025

Bitcoin, Ethereum, Dogecoin, and XRP encounter bearish market sentiment, driving price declines.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.