Min Byung-Doo chairmen of Korea's National Policy Committee is persuading the government to legalize ICOs.
He pointed out that ICO is a new trend in global market and the country should go along with the new technology. He also mentioned the success of the ICOs of Telegram and Block.one.
Furthermore, he said the government, National assembly and Block chain association should create a working group to check frauds and develop block chain industry.
National assembly is still waiting for the approval.
Why do I think this is a great move?
The fact that many countries in Asia are not making any promising move towards legalizing ICO, it's great to hear news like this favoring ICO legalization.
Let me know what you think will be the ramifications of this.