South Korea to Prolong ICO Ban

Watchdog believes investments in ICO are “extremely risky” and isn't going to lift the ban
01 February 2019   630

The Financial Services Commission of South Korea (FSC) has announced its refusal to lift the ban on conducting campaigns on initial coin offers (ICO) conducted by cryptocurrency projects. This is reported by CoinDesk.

Representatives of the regulator said that investments in ICO are “extremely risky” and called on the public to exercise extreme caution when investing in projects that offer tokens.

It is reported that the decision was taken on the basis of a survey conducted by the Financial Supervision Service of South Korea.

It's data show that some ICOs that were conducted outside South Korea illegally attracted funds from local investors.

Bibox Exchange to Conduct 4 IEO Simultaneously

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens and the IEO to be perfomed at Bibox's Orbit platform
19 April 2019   146

Bibox cryptocurrency exchange presented four projects that will conduct the initial exchange offering of their tokens as part of the first wave of IEO on April 22 on the Bibox Orbit platform.

  1. The Force Protocol (FOR) is a distributed protocol of crypto-financial services based on a public blockchain system, providing opportunities for cross-platform asset transaction and communication, use of crypto assets from several blockchains to provide steybcocoins, issue tokenized bonds, etc.
  2. Ludos (LUD) is a solution for a distributed gaming ecosystem designed to bring large-scale blockchain games and economic incentives to life.
  3. Staking (SKR) is a decentralized asset management platform that allows investors to safely stack tokens.
  4. X-Block (IX) is a computing system based on the blockchain architecture.

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens. Potential investors will be able to declare how many tokens of a project they want to purchase based on their BIX, after which a separate rally will be held for each of the projects.