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?
This is being talked about a lot already. And is somehow intriguing if you ask me, because this may be just an attemp to get dumping dominos.
But if this is true, i do not think that tgere really is much that we should be worrying about. I love buying low priced coins so..
Now, regarding the duration of the ban, I dont think its gonna end anytime soon. Because if you read what you posted, they clearly stated that they want to have clear vision of all the transactions. Meaning, they want regulation. So unless they figure out how, I think the ban will stay as it is.