🇰🇷 South Korea will maintain ICO ban after finding token projects broke rules
South Korea's Financial Services Commission (FSC) will not lift the ban on initial coin offerings (ICOs). The FSC stated that ongoing violations, disclosed by South Korea's Financial Supervisory Service's (FSS) research, continue to occur, including failure to disclose proper investment information and illegal fundraising in South Korea. The FSC has called crypto investments a 'high risk' activity, a label that does not seem to be going away in the near future.
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