The authorities of South Korea, a few months after the ICO ban on the territory of the country, plans to make crypto-currency sounding legal.
ICO is becoming a popular way of investing in projects, and often much less time-consuming and costly.This is what the Korean politicians paid attention to and decided to lift the ban on ICO.
Representatives of the financial department said that they consulted with the tax service, the Ministry of Justice and institutions on the development of a plan that allows ICO to meet certain conditions. The authorities of the country are thinking about imposing tax charges on capital gains or levying a part of profits with crypto-bills.
It is worth noting that South Korea plays a significant role in the crypto industry, dictating the price of the crypto currency and influencing its demand. The authorities of the country intend to promote the technology of blockades in the country and develop market relations with the participation of the crypto currency.