Main page News, South Korea, Regulations, Cryptocurrency
Hot topic
Oct. 25, 2018

According to a recent report issued by South Korea's Financial Services Commission (FSC), crypto funds may have similarities to traditional funds so investors may falsely believe these funds are legitimate.

According to the law, funds that attract investment from the public must be registered with the FSC.

Nonetheless, crypto funds are neither approved nor registered, the watchdog claims.

Earlier in October, the head of the country's state policy coordination office, Hong Nam-ki, said that local regulators were considering legalizing the ICO.

In November, the South Korean government will hold a meeting at which it will discuss allowing the implementation of ICO projects in the country.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.