South Korea’s ICO Ban lifted by National Assembly

About 8 months after a complete ban on ICOs, South Korea’s National Assembly has revealed an official recommendation to let domestic ICOs in the country
29 May 2018   1305

The National Assembly’s special committee on the fourth industrial revolution charged the government of ‘neglecting its duty’ in responding to the blockchain sphere, according to Business Korea`s Tuesday report. The issued ICO bans by Korea and China before it has seen an exodus of domestic firms going to friendlier jurisdictions in Singapore and Switzerland to conduct ICOs.

The National Assembly has pushed a legislative and policy suggestion to recommend letting ICOs. The committee on the 4th industrial revolution also called on the government to create a task force comprising of both public officials and private experts to “improve transparency of cryptocurrency trading and establish a healthy trade order.”

The administration also needs to consider setting up a new committee and building governance systems at its level in a bid to systematically make blockchain policy and efficiently provide industrial support. We will also establish a legal basis for cryptocurrency trading, including permission of ICOs, through the National Assembly Standing Committee.
National Assembly
South Korea

This abrupt turn follows recent remarks from the new chief of Korea’s financial watchdog who has chosen to pay attention to the “positive aspects” of cryptocurrencies while offering authorities will relax cryptocurrency curbs in what is among the world’s largest crypto trading markets.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   344

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.