Korea is going to cancel the ban on ICO

Korea’s Financial Services Commission is going to unban ICO but regulation cryptocurrencies
06 December 2017   850

The vice-chairman of Korea’s Financial Services Commission, Kim Yong-beom confirmed the offisional plans to regulate bitcoin and cryptocurrencies and unbun ICO. Financial institute considers that this measures will be necessary to curtail money laundering and tax dodging. Also at the National Assembly today they have discussed a bill about a legal framework on cryptocurrencies.

The government doesn’t consider cryptocurrencies as money or financial products. We will regulate bitcoins to curtail money laundering and tax dodging.


Kim Yong-beom

vice chairman of Financial Services Commission

The ministry has also dismissed cryptocurrencies by claiming and he consider cryptocurrencies will not become the new gold or money in the future. Also they decided that the lack of government or institutional backing has relegated cryptocurrencies to merely become a source of speculation. And that could possibly harm citizens. Then the TF will review regulatory measures on trading of cryptocurrencies to prevent probable crimes.

Dogethereum Coin Launching in 2018

Dogethereum is a new digital currency, which will be founded on snapshot of Dogecoin and based on ETH algorithm with fastest speed of transactions and smart contracts
21 March 2018   95

Bitcointalk forum is well-known for being one of the fastest sourses of news regarding cryptocurrecnies and digital assets. In February of 2018 the thread about Dogethereum, a new decentralized digital currency, which will be founded on snapshot of Dogecoin and based on ETH algorithm with fastest speed of transactions, smart contracts, appeared on Bitcointalk.

As it was stated in the announcement, the goal of the project is to push Doge currency to the brand new direction, with no ASIC mining, speed and simplicity. The project is stated to be community driven, and there will be no ICOs, premines or other manipulations. DOGX is developed by professional team of engineers and economists who are passionate about crypto currensies, so there are no extra commissions, fees or predefined stakes.

Roadmap of Dogethereum:

  • Establish secure stable network -  DONE 
  • Warm up and prepare network for public access - IN PROGRESS
  • Fork of all coins DOGE 1:1 DOGX - DATE TO BE ANNOUNCED
  • Public advertisement and promo - SOON
  • Listing on crypto Exchanges 
  • Research and development of faster algorithm with better scalability - 2019

The exact fork date has not been announced yet, but it is reportedly scheduled for winter 2018.