Bitcoin Forum

http://v.media.daum.net/v/20170929100212900

What it says is "Korea will ban any kind of ICO." It is official from the Government.

Recall what happened when China banned all the ICO.

it is very dangerous if korea prohibits ico as well,
it can be neighboring countries of other neighbors follow like china

Unpleasant there is a tendency with the prohibition of ICO. After China and other countries began to look closely at such activities as the original offer of coins (ICO). Such a prohibition is useful only when the critical situation with this activity develops and is related to its non-transparency of conduct and a significant increase in the risk for investors that are associated with the possibility of fraud with investors' funds. I hope that this prohibition of ICO in Korea will be temporary and aimed only at good ends.

The Korean government should first study and know the situation well before they make unreasonable decisions. Instead of following China, they should follow America. Issue the warning first and then study what is going on.

Does the SEC want to ban all ICOs? I reckon no because there are benefits. One solution for it is to limit how much money an ICO raises.

youre information is accurate or not
what is daum .net from korea site, because same with in china, if china regulator announcement about crypto, china exchanger can release too
why korea exchanger not release

if only issue, i think only want down price all altcoin include bitcoin

Korea gov is friendly with USA gov so I think they will just control ICO. not ban it. many good ICO from USA still coming

Most of the icos does not allow US participants

Are we gonna see ban on exchanges too?

If this is true  then  we have another opportunity to buy Bitcoin. I really cannot understand do why others are afraid when prices are falling remember what warren buffet said be greedy when everybody is scared be s ared when everybody is greedy. For me as a conservative trader i can not buy when there is a break out. Bit back on the topic to be honest i hope this is true.

Any one who isn’t selling all ICOs (which are illegal securities) on their deadcat bounces and buying proof-of-work issued tokens (which aren’t even securities), is not paying attention.

Read this (https://bitcointalk.org/index.php?topic=2208231.msg22343015#msg22343015).

Its official its all over the news

https://www.cnbc.com/amp/2017/09/28/south-korea-bans-all-new-cryptocurrency-sales.html


http://mobile.reuters.com/article/amp/idUSKCN1C408N

So most likely the most of the ICO to be raised are the scams/shady

There are two Korea's so atleast be specific on where that Korea is but for sure this is South Korea. And also try to put an appropriate link since that article isn't translated and even google can't translate it.


Nice thanks for the appropriate link. I just noticed that CNBC is the most active mainstream media about cryptocurrencies recently.

Oh dear, soon we will see crypto drama part 2. Hopefully, the Government should make the rules regarding how the ICO's running, do not play a role as a referee in a football match, but as a commentator.

It is not uncommon for the news to base their articles in unsubstantial or even falses sources. I don't trust them

That would be unlikely. Even the ICO bans is nothing more than rumors at this point, this could just be more FUD following China. Even if Korea bans icos I dint think it will have the same affect on BTC's price as much as the China ICO ban had.

ok, we have KMD dICO's, it will fix that :)
that is the perfect timing for ICO launches in KMD platform..

Did they say what is the reason or they are just riding the 'trend' of the Chinese Government?. Still South Korea supports bitcoin, I don't see anything wrong for Banning ICO, I just hope they will lift the ban and just regulate the ICOs it is also a great help since Korean Entertainment is Booming Worldwide, The Opportunity is still there, I just hope they use that opportunity.

I don't think that it will happen, South Korea is doing a good job on regulating Bitcoin it is for their own security and in order for them to prevent money laundering acts. It is better to regulate bitcoin rather than banning it.

The Korean government probably just wanted to protect its citizens from getting scammed because the ICO investors are susceptible to scams. Some find ICOs to be very sketchy in nature and the possibility of fraud is highly possible since there is no control over ICOs. Hopefully this ban would be lifted in the near future so that the Korean citizens would be able to participate and invest because despite the numerous scams, there are worthwhile coins and ICOs out there worthy to invest in.

Australia has officially declared ICOs are securities (https://twitter.com/C1aranMurray/status/913282785221148672).

Sorry unregistered ICOs will not be coming back. They’re going to zero.

No one care, Korean and Chinese volumes are fake and it not going to change much, price wise.

I too do not care but let's not forget that china is one of the major miners in blockchain in which why the price went down extremely. I know that now is different because it is slowly rising to 4k China's lose in btc is still a big rollback in the history of blockchain. But btc is gaining better supporters and we small traders dont really feel the change but for millionaires who invested in btc, they must've had issues to deal.

The South Korean announcement of ICO ban which comes just weeks after China Announcement of banning ICO may imply another test to altcoin price. In contrast this will give advantage to the alt coins which already introduce in market to gain more investors since ICO was been banned to South Korea and China.
In either case, the ban will likely put short-term downward pressure on the ethereum price as investors sort out the details.

Now Korea? and Whats Next? many people keep spreading some lie's just to get there needs on bad way. And maybe they should act right since I think those Chinese Fuds is done and people get over unto it right now that's why we can see the price keep coming back and maybe heading on 5k$ each again.

And we shouldn't listen for this lies again anymore so that we will not get affected and be fooled by the liers.

nothing happened when China banned all the ICOs.
all you saw happen was a price drop but it was because of the FUD that they were spreading. the media and the whales have been lying their ass off about China banning lots of things they never even intend to ban. things like mining or even bitcoin itself and that always creates panic among the kids who are invested in the market and don't have the ability to read.

should be in the presence of this condition. ICO is changed or the system is made in such a way that investor confidence is higher. and ICO itself has a system that can minimize its negative impact.

Gosh, I hope not. I mean, regulating ICOs is one thing. It has its downs like price dumps but ups like safe market. Banning all ICOs without giving them a chance is too strict. I mean, I am not a fan of icos but I admit some projects are actually nice. People have their right to take full responsibility and invest money in what they feel is a good project.
I have a question related to such bans: after the coin is released via ico, does it become legit? Or ico ban means that even after the ico is finished and the coin's on the market it's still illegal to use it?

What about Icon foundation (I believe this ICO was allowed by the Korean Government)

Yup ^

Long term, this is a blip, nothing can stop crypto / blockchain

Will prices go down more? Bicoin $4050.... currently

If they ban icos only it will be good for current coin market if you can trade them freely. They will be the "ones" that got lucky to be in market before ban on ico

a couple of months ago nobody even knew Korea even existed.
a couple of weeks ago nobody even knew Korea is even involved in cryptocurrencies.

and now that "ICO" is banned over there everyone is talking about it as if they are the center of the universe and all cryptocurrencies are being priced based on what Koreans do and people are speculating about price based on this news!!!

Since some project has appeared to be the scam project but not at all. If you are  calling that as ico but i'd liked to call that as  crowdsale. The korean just another stupid think. The world is not only korea. many better countries outside here.

coinexchange is from korea right? 

there's not much from them anyway. but they may still have effect still in bringing btc price down. somehow its possible that more countries indeed will ban more ICOs. its becoming true now that ICOs are indeed scams.

Honestly, you should be happy here atleast Korean Government is working hard to regulate everything about crypto, They didn't banned  Bitcoin, They banned ICOs. Korean Government from the Chinese Government, We must be happy that Korea and Japan are pushing through and working hard to locally accept bitcoin as a type of currency on their country unlike Chinese Government.

there is absolutely no effect for bitcoin price or crypto world.
korea just a little group who interest on cryptocurrency.
no one care korea gov. banned ICO ;D

If this continues in the future China's neighbors will follow Chinese and korean regulations because they are a big country that acts as a role model for other countries, we can prove whether china's actions prohibit ico to be a profit in the country or japanese action to legalize crypto currency to its state advantage.

With this kind of news its just like a sale.....prices drop so buy buy buy!!

Guys! We must look at this kind of news very skeptically. 95% that this news is fake. It's just wonderful time after China's news influence gone and somebody just has to make a big pile of shit. Somebody who did not catch bitcoin at 3000$.

Just like the China, it may hit the market in the short time, but cannot stop the arise of cryptocurrency market, finally it will lose its influence on the market.
Let's wait and see.

Is China's decision impacting the other countries to think and ban the ICO and may be some other may even ban exchanges now to operate the bitcoin and other cypto currencies. I think this may have a negate long term impact if such countries even small starting to ban as people trading or investing there will be banned to buy/sell now .

Same here! This news is kinda bullshit. The rumor that is spreading around the market. I'm tired of it and I don't believe that.

true or not. there are chances that neigboring countries of china will also bann btc. ICOs are just making btc more popul4ar like its the mass adoption we all been waiting.  it makes these offline business go online and can do ICos of their own without coding.

If you own the news you own the market, people don't care about sources, they just read the title and panic

Real talk. But its good for the informed to buy at a discount.

Judging by translated sources, the situation is not clear at the moment - when this will happen and how it will be enforced. As the US chose regulation instead of ban - there is a huge available market, which is likely to  persist and even persuade others to reverse bans.

True, today you need to be aware of fake news because they have very real impact

Well, true or not it may be, the BTC price sure seems unaffected by this.

Check this article (http://www.altcointoday.com/south-korea-is-going-to-ban-all-kinds-of-local-icos/). South Korea is Going to Ban All Kinds of Local ICOs. The key word is LOCAL. This decision won't be so loud as China ICO ban even if this is not the fake one.

well another move created by goverment.
i will wait another country banning ICOs from the sideline.
we will see another drama come from goverment and then they will trying to lock your account.

Me too im so tired and fed up with all this banning news they just want to buy bitcoin cheaper that is why they are creating FUD like that. I hope people will not listen to this kind of news anymore.

This one's from cointelegraph.com: "South Korea potentially “banning” ICOs has unsettled markets Friday, as regulatory statements from earlier this month come back to haunt investors."

why's the banning in quotations tho? To be honest, I don't see the ICO ban going on to the full extent, it would probably be more regulated. I mean, South Korea isn't that much known to ban things unlike some... communist countries, so yes, better controll of those ICOs will be in place.

This is good news for future. ICO thing is going crazy and most of them are really good ponzi schemes which builld perfectly.
Its good to have a handbrake like this.

Apparently it is happening:

http://www.reuters.com/article/us-southkorea-bitcoin/south-korea-bans-all-forms-of-initial-coin-offerings-idUSKCN1C408N?il=0

It seems to be domestic ICOs that are banned:


It doesn't affect non-ICO coins like bitcoin, litecoin and so on.

same thing with China. I think more countries will follow this, and regulation is not a bad thing for cryptocurrency. If scams and frauds disappears, cryptocurrency will become stronger and widespread

I noticed that too, but don't know why - maybe for preventing scam..But what happens if US citizen invest in this ICO? Going to the jail or waiting big fine?)

I do'nt care too minus the chinese still bitcoin reach $4,000 and now with out Korean it still it will be $4,000. I just feel sad because of so many obstacles for bitcoin before it reach $5,000 at the end of this year without these issues probably it already reach it by now.It will be their people lost not ours if they will only think the welfare of their people they would not think too much of the bitcoin disadvantages but instead they should find ways to counter it.

nobody care , when china ban ICOs and close exchange , it not effect to price bitcoin and altcoins

so , korea 's market so little . and tommorow price can rising up

lol, how will you say China ban ico and close exchange have no effect on the price, if what you say is true, how is the whole market going this month?

Thats great, better to regulate this ICO thing. I do agree that this should be regulated  to screen from fraud and scams. If this happen then we focused on trading. Or we should accept only those existing company with existing infrastructure and business license to conduct for ICO.

I suppose they studied it all before ban, don't believe they did this without reason.  I just hope this won't affect too much on signature campaigns.

bitcoin is rising up so fast , now bad news no problems .

china ban, korea ban , any country ban  nothing happen with ICOs

so because this news make market down this morning. :/ Many bad news coming

I think it's true

I think this is going for better because daily daily new new I os are coming and collecting investment from. The people and after that they starts their project which may or not be better as what we expect ( example of yes coin that I faced for long term).
And also in the current time people don't want make money by hard work, they want to invest and want get out the profit easily  by doing nothing, but in actual the way where we flow our money is not seems to be better according to the countries government.
So here may be it is better descion for the bitcoiners by the  government of China and also of Korean, May be here no negative thing we will see because bann of Icos is going to happen not ban of bitcoin.

It's understandable that governments respond to the crypto boom. They want regulation, as always. Money laundering is what they are trying to fight. I see this as positive though, I mean the whole ban tendency. Major and promising coins both won't be affected, but this will help to sieve the garbage, as only good projects and teams will be able to get through, working to make everything right and legitimate. There are ways to attract investment beyond ICOs, no doubt.

 I already learned from China banning ICOs. It is cannot can the price down forever. Bitcoins and altcoins will recover from any bad news and FUD spreading around. I will do the same as I did before, HODL.

Yes you are right , they aren't banning crypto just the ico's.

There just will be different ways of distribution now.

Nbody is banning anything. They are just regulating it. Manipulators are blowing it out of proportion to lower price before it moons next month.

Haha, if you really do not want to have big loss in future, I think you should change your think.
In someday, the scenario of whales will change and you will do not know that, of course, not easy to know that because we are not a part of them.
But you still can take loss if you know still try hold Bitcoin is high risk.

Exactly this, not banning but regulating. And of course manipulators are spreading too much FUD so they can buy cheap coins, same as those Wall Street people which spread FUD on BTC. I read somewhere, some months ago something like "when real money will come in crypto, someone's gonna get hurt". True, if financial manipulators = real money

Wtf, Whats wrong with ICO ? Last days china ban ICO and now south korea  :'(

But we can use this oppurnity to buy bitcoin and altcoin with low price  :P

Blame it to the tons of ICO scams recently and some of the ICO are pretty shady. I don blame the government if they want to shut the ICO down.

They will ban local icos not that their citizens can't participate.  The moment it's regulated then the local icos will be given permission to do icos

It seems to be true and this a bad call for us.
South Korea's financial regulator has prohibited domestic companies and startups from participating in initial coin offerings (ICOs).

Following a meeting to discuss cryptocurrency controls today, the Financial Services Commission (FSC) said it will prohibit all forms of the blockchain funding method "regardless of technical terminology," while margin trading of virtual currencies will also be illegal following the ruling.

Token offerings, a type of fundraising method that has gained popularity in recent months, are overly speculative and constitute a "violation of the capital market law," the FSC states. An "intensive crackdown" will ensue, with "stern penalties" issued on parties involved in ICO offerings.(C)

All these ban and rumor craps out of China and Korea and the price of Bitcoin don't change much, still around $4200 when real high is $4700 to $4800. The China and Chinese/miners or Korean people need Bitcoin, not the other way around.

that's right haha, the price didn't change so much, people just don't give a shit to these two countries because i guess that they have no more dominance in bitcoin supply share. all money have transferred to bitcoin friendly countries, so basically, korean right now releasing regulation for nothing.

Learning from chinese when they banning ICO after few weeks the bitcoin price recover. And if another countries follow to banning ICO maybe this is his strategy to buy cheap coins. Bitcoin is strong the proof is value keep soaring.

Yes, I see again and again most people already know these countries China and Korea creating fake volumes nonstop, the people themselft don't have much coins. Remember when 90% Bitcoin volumes is out of China but when these so call exchanges impose fees it down to less than 10%? LOL. Again and again still only a few Chinese or Korean whales really creating all these hypes and fake volumes, in reality not much Chinese or Korean really have much money in crypto. So, the fake volumes do nothing.

Korean gov doesn't ban  all crypto currency trading, which is good for us, Chinese bans everything.

So far its not the same scenarion jus rlike when China announced they will ban all ico prices of all the coins are not dropping dramatically it just mean people will not be swayed to sell or dump their stakes because they knew it will just comes to pass and bitcoin will become a strong coin .

One by one all the countries will be banning/regulating ICOs. I think regulation is ultimately a good thing and sometime in the future they will all be regulated, but until then it's going to be a rocky road for ICOs. Not a good coin to buy if a person can't handle all the huge swings in price.

Well it seems the FOMO community is resilient and will assume the authorities are impotent until and if the authorities can actually enforce delistings and such…

…or are we just in a deadcat bounce (https://bitcointalk.org/index.php?topic=2186734.msg22360770#msg22360770)?

Perhaps this is an attempt by the Korean Government to reduce or overcome some fake ICO.
But I do not expect the government to ban all ICO projects because it will be bad for us all.  ;D

Indeed, the tittle said; Financial Authority "Prohibition of Funding through Foreign Currencies (ICO)
Actually, it will not be the same as China ban ICO, as Korean really support cryptocurrency and has issued regulations about bitcoin and exchanges.
Most countries still allow ICO, and government just trying to protect investors as precaution act from scammers or fraud activities.
Strict regulations will ensure every company or project which intend to collect funds from investors have to fill few documents to make sure they are legit and meet the requirements.

I dont to it is accurate or not but i also heard this news. i think korea may be folllow china because they both are neiboring country. i think if korea will ban ico then its affect on crypto very hard.After chaina korea also try if done then other country will follow them.that will big effects for crytpo.

This is just a sequel with the recent drama with china. Yes, the price would drop but it is only momentarily and would rise again after some time like how ethereum reached as low as $230 after the ban in china and now it reached $290.

is that news really from the korea government? because if its true, i think korea government will doing the same like what china did. they don't want their citizen to be scam by fake ico and i think its natural if they concern with their citizen. i think the other country will do the same because protecting their people from scamming especially in the internet is also their important job. maybe there will be regulations that can control ico first so their people can safe if they want to invest in the ico.

yes, i agree. It's because all of us know that ICO now is on its hot issue. Many countries also follow this ICO. Especially the trend is increasing.

Its only a matter of time before other governments try and ban ICO's and crypto trading since it's messing wth the countries FIAT. The best that can happen in a few years is that their gonna try and control the movements, the US government is actually going to get on that in 2018.

Now some article say they just ban ICO from Korea. People still can invest to ICO in other country

Not just Korea the trend is being followed by other Asian Countries too ! India is next in the line to do it and mostly all the ICO scammers from India will have a hard time coming clean.It's a good news in a way.I totally support the moment to put a ban on ICO scammers.

Very clickbait-ish title and news. This FUD was very short and the price recovered very quickly - South Koreans are just protecting themselves from possible national ICO scams. Foreign projects and investments are not affected by this at all.

Korea Gov will ban all types of ICO, I am confused with countries like korea, china which forbids ICO, did they not think first in taking decision in recognizing ico or btc in his country, why now? or this is just their political issue in playing the btc price in their country, without korea and china I think BTC remains triumphant.

yes they thought about it and they make the decision that they have nothing against bitcoin. many even considered bitcoin a good thing and legalized it already. others are in the process of legalizing it.

then they looked at ICOs and they decided these things are a breeding ground for scams (something we already knew ourselves) so they banned them. many other countries have already banned ICOs or they are planning on banning them.

the only reason why you hear bitcoin being related to ICOs is because the news wants to scare you so they lie and spread FUD. they have nothing in common.

The price didn't even move this time. Looks like "ICO ban" news have lost its shock factor and nobody cares.

South Korea didn't even ban ICO's far as long as I know anyway. They only banned South Korean hosted ICOs, not all ICOs from all countries, but I expect more and more countries to ban ICOs. There will always be places to host ICOs anyway, it's not a problem, and the Bitcoin price doesn't care about any of this ICO drama anymore anyway.

The trend is very strong so I don't think this ban is important.

It's very difficult to stop the internet, cryptos, ICOs, tokenization, ...

It's just ups and downs for blockchain technology, the technology is now so deeply implemented in society, we can't ignore or ban it completely.

After South Korea, I think singapore also concentrate on banning ico and shut down all crypto business, if true then chinese can give effect to those two countries, they are afraid without seeing positive side of ico.

Why did not they arrange it? are they incapable? they should be doing comparative studies to Japan in order not to seem frustrated prolonged and harming bitcoin users in their country.

If this is true. It means ICO they want to regulate the number of altcoins now. Which is good for the crypto industry.

This is really a good step to the crypto industry. There is really nothing to be feared of about ICO regulation because it is much needed. This a way to make the reputation of ICO great again. I just hope that the prices will not be affected though. But I can see that the prices are intact in general including Bitcoin's.

i dont think they are gonna ban all icos. but definently they shouldnt let everyone to create ico. it must be controlled. other way it is too easy for scam icos. and hard to find good icos.

Sooner or later, a govt will regulate ICOs not ban at all, because a new start up will grow with ICO model as the fund raising instead of borrowing money from banks. Govt can get benefit by taxing ICos and new start ups will be a drad new employments in the field. I think no reasons to ban ICO at all

If there is a regulation on ICO of course the ico list that will be present will be less because they will certainly face on certain conditions and rules? but of course it has risks and  negative effects. if you know how a tender is won by a particular company in a country or how one passes their project out of government regulations. they bribed the government to get them out of certain terms and rules. I'm afraid this happens to ico. when ico is given regulation.  many bribery and corruption ?

I disagree about that issues. Because Korea still need a ICO.

They just submitted the bill and they need congressional approval, this at least will be half a year or more, and the effection of South Korea is very small campare with China

hope this madness doesnt reach india and get cryptos banned here

Some thoughts about the Korea ICO ban from BoxMining:
https://www.youtube.com/watch?v=AYealILAXeI

Yes but that would be awesome, because bitcoin will then fall very hard to 1000 dollars something like that. If that happens the dumb people will sell their coins in order to save their money they think. But the smart ones will save their bitcoin. Bitcoin will hit 50k dollars i would then be rich. Yes

Yes Korea government will ban all of kind of ico but South Korean Startups Are Preparing To Fight The Government's ICO Ban https://www.forbes.com/sites/elaineramirez/2017/10/03/south-korean-startups-are-preparing-for-war-against-ico-ban/#11c462f72868
Should be the Korea government listen their people on there and find the best solution for it, due to it will being to difficulty ban the people of Korea investment in the ico or they can ban internet connection too. :D

If korea goverment ban all kinds of ico, we must be prepared that price of coins will fall and investors will be less.

That's not good news at all because if this chain continues to grow then don't forget there big and heavily populated ciuntry next to china and Korea and its none but India! I believe India is having lot of investors involved into the bitcoin. If they can have billion billion dollars in black money according to last years economy then for sure big investors are might be all into bitcoin. If India bans the ICO thing which they will because they might not be wanting anymore chaos within the country then it could fluctuate the bitcoin market really bad. That will be hard to digest really. Hope this chain discontinues at Korea only and rest of the world accept everything in proper way.

We must brace ourselves for the upcoming dump, something like that? I say, that just keep on doing what you used to do because it will become normal soon.

Like what happened to China, because of those news the price went down by almost $1,000 and now it was back again at $4,200. There will be some possible decrease to it's price but who knows because of this news many will take chance to buy at dip.

they do ban all kinds of ico. but no need to afraid my friends. japan already move and support the transaction of ico . so we can chill and hope japan can persuade other country to adopt or support cryptocurrency and ico. hope there is more regulation related to altcoin that can drive altcoin become bigger

OMG, all huge whales are united to bribe the government from different countries to dump BTC. Its so clear now. BTC will dump, so better sell all your BTC now and rebuy it from the dip.

Thats right. I think the government will begin to consider the benefits to be gained when they can set ico and provide regulation on ico.it is a form of the advancement of the times? so the government will not be able to withhold and of course their choice is only one. that is gives regulation to ICO..

I think there will be some effect on the market performance, but not too long since there are many advantages from the cyrpto market, so as you can see, the Chinese government has ban the ICO for more than one month, the market seem to be recovered.

 Online pettition was sign by people requesting lift this ban & it reach 1000+ very fast. have to wait & see what will happen next

yes that is a fact that japan is giving a good support to bitcoin and hope that they will continue it for a long long time. I do not think that if a single country will effect the image of bitcoin. In fact now bitcoin is the best currency of the world and is spreading throughout the world in a best way. Therefore bitcoin is becoming more and more stronger with the passage of time.

Hmm...I just hope this guessing won't suddenly become a reality.
Most people will keep on saying that China does not really have an effect on crytocurrency as a whole; but I will like to say that they do have a great impact on it. Let's believe it or not.

don'y worry, we still have japan in asia

This is slowly becoming a reality for ICOs in probably all countries. The SEC is going to kick in and soon there will be no ICOs. I am curious if it will be retroactive and if the SEC will dole out penalties for ICOs that have already happened. I think the era of ICOs is coming to an end, but not just yet.

It doesn't matter. We already have a lot of coins and if ICOs are banned people will find another way to get funding. Crypto makes different kinds of funding so easy.

this situation might cause some negative results about crypto especially in asia. but generally, ICO's will keep going as always be.
some of the goverments who act like Korea try to prevent and control some of the issues about crypto.
i wonder how they will act when hole world accept this subject.

It's north Korea or south Korea? If it's north, then nothing matter.

funny if you are serious about it mate, n. korea doesn't allowed anything inside their jurisdiction so its south who's implementing this things mate
as they seen that china's moves to help their people not being scam so they need to stop or make some rules regarding to ico projects. maybe we
will see more countries to do the same.

I hope it's a joke. North Korea will never be able for any type of ICO.

And I'm getting sad for South Korea for banning ICO's, but they just want to protect their citizens.

not only Korea, but also Russia will ban bitcoin exchange these days, it seems many government will follow China's step to take measures to the cryptos

first china now south korea indeed they should first i hope doesnt effect crypto.new showed that the ban will prohibites only local investors  from contributing to ICOs, it means it not like chian's ico ban (all ico's). good luck with the pettiting they are making

I have never been interested in this issue internationally, but I have heard that China has always been strong in advanced technologies. Thanks to the response of many uses.

They are failing to ban or prevent their local civiliants to participate in the ico, But this time some ico will be more strict caused by the recent banned from some countries and the KYC as the solution to prevent the local civilians from the country that banned ico to participate in the crowdsale. Kyber and another ico already implemented the KYC verification but they are still able to buy through exchange site.

if this could be so hopefully it will not truly affect the crypto hope it will not but what can we gonna do maybe they have some personal reason just like they want to secure their citizen i think it is related for some scammed ICO hope it will prevent.