The recent decline in Bitcoin prices is due to the Chinese government issuing a ban on Initial Coin Offering in the country. The government argues that new forms of fundraising such as the ICO are illegal under national law. In Korea, the Government Financial Services Commission has banned all forms of ICO "applicable to any virtual currency "as well as margin trading of digital money. The FSC also plans to implement other measures that may adversely affect the operation of cryptocurrency companies, including on-site inspections that will commence at the end of September, while checking currency accounts of users starting from December.