Initial Coin Offerings or ICOs are no longer legal in South Korea. 。
The country's regulator, the Financial Services Commission (FSC), issued the ban following a meeting Friday, reasoning that ICOs are pushing the market into a "non-productive speculative direction." 。
The regulator has also banned margin trading on cryptocurrencies. 。
The regulator has also banned margin trading on cryptocurrencies. 。SEE ALSO:China bans ICOs for being full of fraud and pyramid schemes 。
By signing up you agree to our Terms of Use and Privacy Policy. 。
Thanks for signing up! 。
The ICO or a token crowdsale is a way of raising funds by selling digital tokens, typically based on the Ethereum platform. These tokens are different than company stock in the sense they rarely give its owners direct ownership of the company behind the ICO. They may have other value; usually the tokens provide a means to actively participate in the startup's project, and they can typically be sold for other cryptocurrencies, such as Bitcoin or Ethereum. 。
But several regulatory bodies, including those in the U.S., China, Hong Kong, Singapore and Russia, have recently warned that lack of regulations has turned ICOs into a playground for scammers. 。
(责任编辑：綜合)
J.K. Rowling makes 'Harry Potter' joke about Olympics eventApple Store goes down ahead of 'California Streaming' eventHow TV made mid'Dune: Part Two' is officially happeningThis company is hiring someone just to drink all dayU.S. government issues warning on McDonald's recalled wearable devices
Last week's McDonald's debacle, which saw the fast food giant forced to recall its first wearable tr
...[详细]11 best apps every college student needs to download
College is almost back in session and we want you to be prepared with the best apps out there.There
...[详细]It shouldn’t be teen girls’ job to mitigate harm on Instagram
Cora Crisafulli was in fourth grade when she sat down with her mom and asked if she could download I
...[详细]'No Time To Die' is an epic last chance to fall for Daniel Craig's Bond
Does James Bond deserve love? Sure, the legendary MI-6 agent is written to be inherently worthy of l
...[详细]This coloring book is here for all your relationship goals
LONDON -- We are living through the golden age of celebrity relationships. Gone are the days of tort
...[详细]Everything coming to Disney+ in November
As we roll into November, Disney+ is rolling out a brand new slate of movies and TV shows to enjoy.N
...[详细]Watch hackers embarrass guards at infamous Iranian prison
It's one for the history books. A group of hackers obtained uncensored footage from inside the notor
...[详细]James Michael Tyler, beloved Central Perk manager Gunther on 'Friends', is dead at 59
James Michael Tyler, the actor best known for the role of Central Perk manager Gunther on Friends, d
...[详细]The U.S. will no longer have the final say on internet domain names
The National Telecommunications Information Admistration (NTIA) announced via 。 blog post
。on Tuesday
...[详细]
Every four years the Olympics serves as a reminder that the human body has remarkable capabilities.
...[详细]Florida hurricane forecast remains uncertain, but trends in state's favor
Hollywood sign erected in Wrexham and locals think Ryan Reynolds is responsible
