Cryptocurrency News

South Korean central bank eyes MiCA, says future regulations may allow ICOs again

08/30/2022

Less than a minute

2022.08.30 07:05

South Korean central bank eyes MiCA, says future regulations may allow ICOs again

The South Korean central bank has indicated that initial coin offerings (ICOs) will be allowed under the Digital Assets Framework Act, according to a local news report. That comprehensive legislation is expected to be introduced in 2023 and implemented the following year.

The Bank of Korea (BOK) discussed ICOs in comments to a Korean translation of the European Union’s Markets in Crypto-Assets (MiCA) legislation released Monday. The BOK stated that the MiCA regulatory package protected users and investors without hindering innovation.

08/30/2022

Less than a minute

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