​​Will South Korea and China simultaneously lift the ban on ICO conducting?

​​Will South Korea and China simultaneously lift the ban on ICO conducting?

By

South Korea and China today signed an agreement on joint regulation and supervision of the cryptocurrency and ICO. The agreement was signed at the level of the South Korean Financial Supervision and Supervisory Committee of the People’s Bank of China. This could mean the simultaneous lifting of the ban on ICO, which should occur after the approval of the recommendations of the G20 approximately in October 2018.

Earlier, the National Assembly of South Korea approved the following thesis: “We will create legal bases for the cryptocurrency trade, including the lifting of the ban on ICO and the establishment of the Standing Committee of the National Assembly.” This position is supported by the ruling Democratic Party, and the Central Bank of South Korea received the government’s approval for the creation of a national digital currency as part of a plan to phase out physical money by 2020.

Leave a Comment

Your email address will not be published.

You may also like

Hot News