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South Korea Must Reverse Ineffective Ban on Crypto ICOs, Central Bank Says

The Bank of Korea says companies like stablecoin issuer Terra were able to circumvent the ban and sell digital tokens to locals by setting up corporations overseas.

South Korea's central bank says the country's existing ICO ban is ineffective. (Jacek Malipan/EyeEm/Getty)
South Korea's central bank says the country's existing ICO ban is ineffective. (Jacek Malipan/EyeEm/Getty)