Post
Topic
Board Altcoin Discussion
Re: Why do so many people think that ICOs are illegal in Korea?
by
cryptotsunami
on 06/04/2018, 06:49:40 UTC
Why do so many people think that ICOs are illegal in Korea? There have been several successful ICOs in or from Korea. For example, ICON (ICX) is led by a Korean team in Korea. HDAC which is sponsored by a large Korean company named Hyundai is of course from Korea as well. Proof Suite (PRFT) is also from Korea. There are actual ICOs that are still going on. For example, ICO for Hycon. So I am just shocked at how the western media and many people on Bitcointalk think that it’s illegal to have ICOs in Korea. It’s not. 😊

Maybe they are referring to ICO that is not back up with any known legit company or ICO that is suspicious. If the ICO is back up by a legitimate company or a very well known company like Microsoft, I doubt if they are going to ban it. In every rule there is always an exemption. NEO is an example in China.