South Korea Bans All Initial Coin Offerings

[wavespump]

Nothing big happened, just a little dump, they still support bitcoin trading, it is good enough.

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[Spoetnik]

Good.. they are all scammy by design.
This stuff should have never been morphed into a pointless unregulated scammy crypto-kickstarter.
They should not HAVE to ban them though.
You investards out there should have enough integrity and class to stay away from them all on your own.

"A little dump" he says ?
Yeah well that is someone's food taken off their table somewhere noob.
People losing money should not be trivialized.

[Cnut237]

I think all of these bans are temporary. They don't want to stop them altogether, they just want them to be regulated. The quickest way to do that is a temp ban whilst a legal framework is put in place.

[Boomber]

If korea goverment bans all coin offerings, it's be dangerous we must be prepared that price of coins will fall and investors will be less.

[carrie_white]

really? after china banned ico, now north korea also will ban ico in his country. very sad if there will be many countries that follow the footsteps of china, hopefully this is only temporary

[RichardBTC]

i wonder if this source is even really true? I read that the China ban was suspect and they werent going to ban. Such speculation.

i suppose this is going to bring more need for privacy coins such as deeponion, monero, dash ect.

Hopefully people will still be able to trade in these countries that are going through these bans. Pitty that government wants to regulate anything that threatens it.

[AllToMoon]

But they could invest in some funds, like Finshi. And it will look like Finshi invest in project, not South Korean peoples. Everything fine and god a profit from ICO

[kryptqnick]

I read the article posted by the OP. It's too short to make much sense of it, as for me. I mean, it is said they will be banned followed by Chinese bans, but I guess Chinese ban is temporary and will simply lead to regulations, whereas we don't know for how long will icos be banned in Korea. Moreover, as I read in comments, only South Korean icos are under the ban, others are totally fine and legit (or at least not banned). I guess we'll see more info about it in the future and it will help to throw light on what we have here.

[SPACIUM1]

Just to be clear are ICO's banned from originating in S. Korea or are they banning South Korean investors from buying into ICO's?  It does not seem that any SK companies have retreated on their ICO's and Altcoin trading? This is all very reactionary and knee jerk response.

[feelideb]

Well! ICO are meant to tread on unchatted territory! It is like sticking your neck for highly experimental project which are likely to fail but still have a chance of success. If they success they can make their investor millionaires overnight. If South Korea, that's is their loss. They would have killed innovation and development that might not get funded by the bank!

[Spoetnik]

I read the article posted by the OP. It's too short to make much sense of it, as for me. I mean, it is said they will be banned followed by Chinese bans, but I guess Chinese ban is temporary and will simply lead to regulations, whereas we don't know for how long will icos be banned in Korea. Moreover, as I read in comments, only South Korean icos are under the ban, others are totally fine and legit (or at least not banned). I guess we'll see more info about it in the future and it will help to throw light on what we have here.

Interesting.. and you are the only non-noob talking.. *barley (hero account)
It blows me away how everyone left who used to be AGAINST ICO's
and now i see nothing but noob accounts lecturing everyone with moronic rabble.

Guys clue in much ?
Why is so many countries banning them ?
Thought to wonder why ?
Lemme guess it's the man trying to keep you down or some other retarded conspiracy.
Nope.
It because of the same reason all of crypto hated them years ago.. ideology.
They are not "crypto currencies"
They are pyramid schemes.

And of course every noob here is piling in defending them with dumb commentary.
They have one agenda.. buy them and dump for Bitcoin profits.
Bitcoin.. a digital currency.
Something no ICO can ever be.. ever !

You guys are ignoring the writing on the wall i lectured you about for 5 fucking god damn years.
Why do i tell you PAYPAL banned crypto a million times ?
Why did Kickstarter ban them ?
Need a million fucking examples ?
It's not about <insert country name> and some dumb fuck conspiracy.
It's about a wave of regulations i TOLD YOU all was coming *delayed.
..for a reason

Can you smart little children figure out what that might be ?

If you don't see the wave then as the band Fear Factory said "Suffer bastard"  
Drown investards..

EDIT:
Look at the guy who commented before me..
He is talking like we don't have 8 years of history to review.
We already went through all of this.
And the idiot noobs are ignoring history when they are reminded.. by myself or a few others.
While they ramble on like they know things.

History is in fact repeating but the idiot noobs don't see it.

"Initial Coin Offerings" shouldn't exist period .

[gaming-stars]

was it expected by the markets that south korea bans ICOs?

It is very strange that such a big nation announces something like that and nothing happens to the price of cryptos...

why is that the case?

Were there any rumors regarding announcements like that or what is the reason for the missing massive price reactions?

[akmittal]

South korea is fully depends on China. Internationally no country is supporting South Korea due to its atomic and missile program. China has ban Bitcoin so south Korea also moving on the footprint of China in this matter.

[yorklab]

The Swiss and the US (SEC) are also looking into this. It's going to happen everywhere. This is good for the cryptocurrency market. This will help to cut down on a lot of the scams out there, so hopefully we are left with quality coins to invest in. This will also legitimize the market. Fewer coins and legitimacy means more money will come into the coins left standing.

Just be careful with any ICO.

[chickenado]

South korea is fully depends on China. Internationally no country is supporting South Korea due to its atomic and missile program. China has ban Bitcoin so south Korea also moving on the footprint of China in this matter.

How could that be? Honestly,as I've worked before in a company wherein I met and got to know many Koreans and I learned about their country. It's not that they depend on China it's because they always feel awkward when they meet people from China which only means that they are a bit of hating Chinese. In connection with the products that are China made in Korea,those would be banned in their country but banning all initial coin offerings is another thing. Koreans are too smart for investment and I think they are just very particular in what kind of coin you are offering. They aren't that rude to ban right there and then.

[Quietman]

Maybe South Korea is reviewing ICOs to regulate and study the possible rules to be done incase they decided to unban ICO. Anyways, whatever the result maybe about this issue on South Korea banning ICOs, bitcoin will continue and goes on. It will remain what it is.

[ActiveP]

Initial coin offerings have to be regulated not banned. In the long term I hope to see them change their stance. I  understand though, but their approach is wrong. It will even out eventually.

[faceoff97]

I think there is nothing wrong with what Korea  did, this is only way to regulate the coins that are entering their country. Once well controlled regualtion occured in a country, scams that was/is to be made will be lessen. I think there will be more countries who will be doing this kindnof control and regulation. There will come a time when all ICO offered become legit and will really cause ua benefited. Thus, i conclude that ICO will not be permanently banned in korea but there will be just cleansing to happen which will make  ICO become authentic .

[Kevin77]

If korea goverment bans all coin offerings, it's be dangerous we must be prepared that price of coins will fall and investors will be less.

It is not going to be dangerous in anyway. It is just a pity it has gotten to this stage that there will be a tight monitoring/controlling and investors who fell into the hands of scammers without proper diligence on the ICOs they were investing in, are the ones at fault.

Anyway, it is obvious the ICO thing is getting out of hand and I would not blame any government for trying to control them. However, I do not see how this would cause a huge fall for the market.

[LancienMaleAlpha]

People, wake up!
Governments have never cared of us and will never do. None of them is interested in doing that. Get educated, open your eyes! Everything they do is steal our money and taking our freedoms away. I'm sure they are the ones who stand behind fake ICO's (not all ICO's, of course) and then offer a "solution" to regulate them. The same story as terrorism.
Regulation means paying taxes which means receiving free money from people who work day and night in order to earn that money and feed the family. I'm sure, the ICO's in the S.Korea will be unbanned for the sake of regulation.