Are ICOs coming back? The country that is thinking about it may surprise you.
The South Korean central bank has indicated that initial coin offerings will be allowed under the Digital Assets Framework Act,to a local news report. That comprehensive legislation is expected to be introduced in 2023 and implemented the following year.
“A balanced approach is needed to foster a sound market through the introduction of a crypto asset regulatory system to promote blockchain and crypto asset innovation while not hindering the development of related industries due to excessive regulation,” the Korean central bank wrote, continuing:
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