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?
Good job for the government of South Korea because they are protecting it's countrymen from possible scams. I know that move was just temporary for now because sooner or later they have to decide whether just to implement regulation on ICO's or maybe they will implement a total ban on ICO's forever. Just like China, or any other countries that has strong control in cryptocurrencies I know one day that they will realize the potential of these investments through regulating them. We can be safe if that happens and there would be no scammy ones who will try to cheat on investors worldwide. We need it for the safety of our investments because it is hard to earn money these days so for me it is okay to regulate ICO's and give them chance to prove they are legit.