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Tag Archives: Cross-border Crypto Regulation

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Will Korea’s Stance on Crypto Sway other G20 Summit Nations?

  by David Drake    After taking a series of hostile actions against the crypto market, South Korea’s Financial Services Commission (FSC) has declared that it does not oppose cryptocurrencies. For many people, this statement comes as a surprise considering that early this year, the regulatory authority launched a massive crackdown on crypto exchanges, shutting down a number of them, and even called for an initial coin offering (ICO) ban in the country. Across the globe, ICOs have gained popularity, raising upto to $13.7 billion in just five months of 2018 which more than double the amount raised in the whole of 2017. Some of the blockchain-backed ICO ideas that address real problems across sectors include IOU that provides consumer satisfaction solutions, Bitque in the decentralized system space and OptDyn in the cloud computing space. In the banking sector, Bank52 is improving collaboration and networking while in the social space, ... Read More »

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