Korean companies are bypassing ICO supervision setting up subsidiaries overseas

According to bitcoinnews reports, more and more companies in South Korea are avoiding the ICO ban issued by the country and establishing digital currency and blockchain subsidiaries to manage ICOs in countries such as Singapore and Gibraltar. Recently, the parent companies of the chat applications Line Naver and Kakao Corp announced the establishment of encryption and blockchain subsidiaries in Japan, which have applied for a cryptographic transaction license from the Japan Financial Services Agency (FSA).

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