South Korea Will Not Lift ICO Ban, Says Financial Services Commission

ICO News, News, Regulation | February 1, 2019 By:

South Korea’s Financial Services Commission (FSC) has decided to continue to ban initial coin offerings (ICO) in the country.

The South Korean government formally banned ICOs in September 2017, citing concerns about fraud as a means to ultimately protect investors. In 2018, it was reported that regulators were considering lifting the ban after the National Assembly proposed to allow ICOs under the conditions of investor protection.

 Read more  »

Cryptocurrency Regulation Now In Effect In Malaysia

News, Regulation | January 15, 2019 By:

The Securities Commission Malaysia (SC) has announced that guidelines to regulate crypto trading and initial coin offerings (ICO) will go into effect today.

In a statement, Malaysian Finance Minister Lim Guan Eng said that digital currencies and digital tokens as defined in the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 were prescribed as securities and would be regulated by the SC.

 Read more  »

Malaysian Financial Watchdogs Issue Statement On Crypto Regulations

ICO News, News, Regulation | December 8, 2018 By:

The Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM), the country’s central bank, have issued a joint statement to provide clarity on the regulation of cryptocurrencies in the country.

The SC and the central bank said that regulations are currently being put in place to bring digital assets within the remit of securities laws to promote fair and orderly trading and ensure investor protection.

 Read more  »

South Korea Plans To Tax Cryptocurrencies And ICOs, Says Incoming Finance Minister

ICO News, News, Regulation | December 4, 2018 By:

Hong Nam-ki, South Korea’s incoming finance minister, said that the government is planning to tax cryptocurrencies and initial coin offerings (ICO).

In a written statement submitted to the National Assembly for his confirmation hearing, Hong said that the taxation plan would be finalized in accordance with the creation and progress of the taxation infrastructure and the trend on international discussions.

 Read more  »