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

    Bitcoin Long Positions Liquidation Reaches $262 Million

    Samson Mow Urges Elon Musk to Reconsider Bitcoin Strategy

    Samson Mow Urges Tesla for Bitcoin Strategy Amid Stock Issues

    James Wynn Liquidated for $16.14 Million on Hyperliquid

    Jack Dorsey Uses Bitcoin for Steak ‘n Shake Purchase

    Bitcoin Surges Amid New US-China Trade Talks

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

    World Liberty Financial Issues Cease-and-Desist to TRUMP Coin

    Solana Price Fractal Speculates $400 Target for SOL Token

    Maple Finance Expands to Solana with Chainlink Integration

    Maple Finance Expands to Solana with Chainlink CCIP

    Shiba Inu Price Plunge Leaves 11 Trillion Tokens in Loss

    Tether Invests in Africa’s Shiga Digital Platform

    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

Presto has Filed a Constitutional Complaint Against the South Korean Government For Banning ICOs

Joshua T. by Joshua T.
December 9, 2018
in Latest News
Aone filed against Cashierest

Source: en.wikipedia.org

About a year ago, the South Korean authorities banned initial coin offerings within the country. In response to this, a constitutional complaint has been filed in a South Korea court by Presto, a South Korean blockchain startup. The complaint alleged that by banning ICOs in the country, the government has acted unconstitutionally.

The Ban on ICOs has Done More Harm Than Good

Since the ban on ICOs came into effect about a year ago, the South Korean government has done nothing to address the situation. This has greatly affected startups looking to get funded through an ICO within the country.

The constitutional complaint was reportedly filed by Presto, a South Korean blockchain startup. According to the announcement from Presto, the constitutional complaint filed by the startup alleged that the government’s ban on all forms of “initial coin offerings (ICOs) in September last year is unconstitutional.”
As a result of this, Presto wants the government to review its stance.

Presto is Also Affected

According to a statement from Presto’s CEO, Kang Kyung-won, the company has been affected by this unconstitutional ban on cryptocurrency. Kang made it known that the company has considered several options such as “setting up an overseas corporation to issue tokens, but it is still waiting on the government to provide a follow up on its ban on ICO. However, it is more than a year since the ban became effective and the government has done nothing about it.

He explained this in a statement which reads:

“We trusted that the government will foster [this] new industry through follow-up measures. However, it has been more than a year since the ban and the government has yet to introduce any forms of ICO guidelines or regulations.”

Kang added that:

“As a blockchain startup company, we face a lot of difficulties due to the ICO ban and the lack of legislation from the government and the Parliament for more than a year. I am requesting confirmation of the unconstitutionality of the lack of legislation.”

Tags: ICOsPrestoSouth Korean
Previous Post

Electrum Wallet Review: Is It Safe Enough for Your Bitcoins?

Next Post

Gemini Adds Bitcoin Cash (BCH) to its Trading Platform

Joshua T.

Joshua T.

Related Posts

Tesla Stock Fallout: $100 Billion Market Cap Loss

by Solomon M.
June 6, 2025

Elon Musk's Tesla faces a major stock decline amidst Musk-Trump tensions, impacting crypto markets.

Elon Musk Criticizes Trump Tariffs via Twitter

by Solomon M.
June 6, 2025

Elon Musk openly criticizes Donald Trump's tariff policies on Twitter, sparking political and economic discussions.

US Lawmakers Plan Crypto Bill Review on June 10

by Solomon M.
June 6, 2025

US lawmakers, led by Rep. French Hill, to review crypto market structure bill, impacting regulatory roles and affected assets.

Trump Details Split with Musk, Cancels Subsidies

by Solomon M.
June 6, 2025

Donald Trump concludes collaboration with Elon Musk; cancels Tesla subsidies amid policy disputes.

SEC Introduces Clear Crypto Regulatory Guidelines

by Solomon M.
June 5, 2025

SEC implements new crypto regulations focusing on clear rules over lawsuits, impacting market stability.

Elon Musk Proposes New Centrist Political Party Via X Poll

by Solomon M.
June 5, 2025

Elon Musk suggests forming a new centrist party in America via an X poll, fueling political curiosity.

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.