South Korea's Financial Services Commission calls for ICOs to be included in the Capital Markets Act, or to overturn the ICO ban

South Korea’s 2017 ban on initial coin offerings (ICOs) may soon be overturned after South Korea’s financial regulator called for crypto token financing to be included in the country’s Capital Markets Act.

According to a report by Money Today on Tuesday, South Korea’s Financial Services Commission (FSC) vice-chairman Do Gyu-sang called for accelerated action on ICO regulation. Appearing at the Political Affairs Committee of South Korea’s National Assembly on Nov. 17, the FSC vice-chairman said ICOs must be included in the country’s capital markets law.