One recommended regulation would force coin issuers to submit a white paper to the FSC about their project that includes details about the company’s officers, how it plans to use funds raised through an ICO, and what risks are associated with the project. Updates to the white paper would have to be submitted at least seven days before proposed changes could take effect.
Even companies with headquarters abroad that want their tokens traded on Korean exchanges would be required to adhere to the white paper rule.
The report issued by the Financial Services Commission (FSC) to the National Assembly, the country’s legislature, also calls for new regulations to mitigate insider trading, pump-and-dump schemes and wash trading.
There are pros and cons for all actions
Licensing= picking winners and losers
Who will license Bitcoin? Satoshi Nakamoto? 😅
Giveaway ☀️🙋♂️
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