South Koreas Financial Services Commission has announced that all initial coin offerings will be banned in the country. and said
"All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."
Source:
https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?
It is just a news now that can dump the price because if you see how china did just like as expected to spread a big dump and regulating or legalizing any of these ICO in that the bitvoins has both positives and negative effect like a dump or a pump which is also good for us if you know how to manage on this kind of news and situations in the market or just hold and believe.