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   830

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.

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   962

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.”