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   2542

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.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   830

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”