The National Assembly, South Korea’s parliament, has begun debating whether the government should overturn a ban on initial coin offerings (ICOs).
The motion was presented after three members of parliament put forward separate private members’ bills that, if passed, would legalize ICOs in the country.Source: iStock/AaronChoi The assembly took the decision to debate the matter after two select committees last month called on the government to put an end to its ban, which was put in place almost exactly a year ago.
The chief financial regulator, the Financial Supervisory Service, has previously rejected National Assembly committee calls for ICO legislative reform, but may be forced to change tack should enough MPs lend their support to the
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