Korea Bans ICO: Another Case Like China?

On September 29th, South Korea’s Financial Services (FSC) announced a ban on all forms of initial coin offerings regardless of the technology or terminology employed.  The FSC reasons that ICOs are too speculative and volatile and wants to protect investors from scams and market manipulation. Furthermore, the FSC will continue to discuss regulations regarding established cryptocurrencies, possibly limiting (not banning) virtual currency trades in the future. Similar to China, Kor