U.S. Congress Struck a Positive Tone on Cryptocurrency in Latest Hearing A congressional hearing before the U.S. House Committee on Agriculture today struck a positive tone towards the impact that cryptocurrency and digital assets can have for
Representative of the Democratic Party of Korea, Hong Eui-rak is leading the legalization along with 10 other legislators. They plan to have the bill endorsed this year.
FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.
CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.
Hong stated during a form devoted to ICO’s a blockchain technology that the bill is aimed at legalizing ICO’s under government supervision. He also stated that collaborative research by his office and the Korea International Trade Association was implemented within the bill.
The bill will ensure that all ICO’s will be subject to strict supervision by the Financial Services Commission (FSC).
A speaker for the national assembly aimed at legalizing ICO’s stated “Blockchain and cryptos can be used in various public sectors for good causes. Given their potential, we need to work to help reduce political uncertainties they face.”
A ban on all new ICO’s was introduced last year by the South Korean government. This is the first challenge of the government to fight speculative investments in shady cryptocurrency investments, while keeping the market open to legitimate businesses (ICOs) within this space.
Leave a Comment
Latest Crypto News
Wells Fargo Files Patent for Tokenization System to Protect Data San-Francisco-based bank Wells Fargo has outlined a patent for a tokenization system that would protect data, according to a filing published by the U.S. Patent and Trademark Office (USPTO)
Bank of America Files Blockchain Patent for Data Validation Bank of America (BoA) has filed a patent for a blockchain-based system allowing the external validation of data, according to a United States Patent and Trademark
Decentralised Capital Launches Australia’s First Cryptocurrency Vault Blockchain and investment company Decentralised Capital has announced the launch of Australia’s first ever cold storage vault for digital assets. The vault was created in partnership with Custodian
Bitmain Opens 20,000 Square Foot Office in Silicon Valley The cryptocurrency industries largest crypto mining company, Bitmain, just opened their new office in Silicon Valley ahead of its planned Initial Public Offering (IPO) later in
Boeing to Use Blockchain Tech to Track Unmanned Air Vehicles for Future Flight Industry Boeing, the the world’s biggest aviation company, recently announced their intention to tap into blockchain technology by utilizing it for their
BitPay Becomes the First Crypto Payment Processor to Obtain a BitLicense BitPay, the cryptocurrency payment processor, has become the 8th firm to receive a BitLicense from the New York Department of financial services (NYDFS), which
The World’s Largest Asset Manager, BlackRock, Seeks Potential Interest in Bitcoin Futures BlackRock, the world’s largest asset manager announced the formation of a working group to assess the potential involvement in Bitcoin. This reported by
Swiss Stock Exchange (SIX Group) Open to Trading Cryptocurrency On Their Upcoming Platform Switzerland’s principal stock exchange, SIX Group, announced that they’re open to the possibility of trading cryptocurrency on their digital trading platform. Although
Coinbase Looking to Add 5 New Altcoins: Cardano, BAT, Zcash, 0x, and Stellar Coinbase announced today that will be exploring 5 new cryptocurrencies for its trading’s products including Basic Attention Token (BAT), Cardano (ADA), Zcash
New Study Shows 80% of ICOs Operated in 2017 Were Scams A recent study prepared by the Statis group ICO advisory firm identified that over 80% of ICO’s in 2017 were scams. The study examined
New York Approves New Power Rate Structure for Crypto Mining New York regulators just approved the new electricity rate for cryptocurrency miners that allow them to negotiate contracts as reported by Bloomberg on July 12.
Binance Invests in Plans of First Decentralized, Tokenized Bank in Malta Binance, the world’s second largest cryptocurrency exchange platform, is planning to create a blockchain based bank with token ownership according to Bloomberg on July
Robin Hood Cryptocurrency Trading Platform Adds Litecoin and Bitcoin Cash Robin Hood, the financial services mobile app, just added support for Litecoin (LTC) and Bitcoin Cash (BCH) on their cryptocurrency platform according to their blog
South Korean Officials To Develop New Cryptocurrency Exchange & Blockchain Regulations The Korea Times reported today that South Korean regulators are finalizing drafts of bills intended to develop a set of rules on cryptocurrencies, blockchain
Sirin Labs Plans to Release First Blockchain Smartphone in November Swiss smartphone developer, Sirin Labs, plans to release a blockchain based smartphone in November of this year, as reported on July 11. Sirin Labs raised
Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews
Crypto Guides & Tutorials