South Korean MPs and lawyers are gearing up for a fresh assault on the country’s initial coin offering (ICO) ban.
The politicians and legal professionals are aiming to reverse the government’s total ban on ICOs, made in September last year.
Media outlet News2Day reports that three MPs will submit private members’ bills during special parliamentary sessions on July 13 and 16, all aimed at reversing the ICO ban.
Their number includes Park Yong-jin of the ruling Democratic Party. Two opposition MPs, Chung Tae-ok of the Liberty Party Korea and Choung Byoung-gug, the former leader of the Bareunmirae Party, are also set to put bills forward.
Another Democratic Party MP, Hong Eui-rak, has already proposed a bill to overturn the ban this year, as pressure on the government continues to grow.
Now a days Singapore is currently the favored choice for South Korean businesses, with at least 44 companies launching their ICOs in the city state so far this year.
Now we are hoping that everything will happen good in South Korea, if it all will happen positive then we can see the impact in our Crypto market as well. Prices will go high definitely.
Tell me Friends What is your views in that?!
