South Korea’s central bank to revoke crypto company ICO ban, advocates regulating and supervising ICOs

According to CoinDesk, the Bank of Korea said in a newly released report that the Bank of Korea currently advocates regulating and regulating ICOs, rather than banning ICOs, in relation to the 2017 ban by the Korean financial regulator, the Financial Services Commission, on ICOs by local crypto companies. invalid). Terra previously circumvented the ban by issuing new tokens through companies set up overseas and listing them on local exchanges. In the report, the bank said it was necessary to review the country’s developing crypto regulatory framework, known as the Basic Act on Digital Assets, with reference to the relevant example of the EU’s MiCA.