1️ Lawmaker Offers New Hope For ICOs In South Korea
In effort to lift South Korea's blanket ban on ICO, a number of senior parliamentarians on both sides of the political divide have launched campaigns to end the ban, with many decrying an ongoing "exodus" of South Korean companies to nearby countries that allow ICOs, including Singapore.The most recent proposal comes from Lee Eon-joo, an MP for the right-wing opposition Bareunmirae Party, who has tabled a motion for the National Assembly to amend the Electronic Financial Transaction Act (2008). Lee Eon-joo's proposal includes provisions for regulated ICOs, as well as a series of strict punishments for crypto-fraudsters.
2️ Indian Bitcoin Players Wary Of Facebook's Stablecoin
Indian companies in the cryptocurrency space say Facebook's plan to test its virtual currency code-named Libra in the country will potentially bypass regulations that don't allow using banking channels for digital currency transactions. Nitin Sharma, founder of Incrypt Blockchain, suggested that for the Facebook project to be deployed on a large scale in India, regulatory approval may eventually be a major requirement.
3️ Avex Group To Set Up A Subsidiary To Apply Blockchain Technology In Entertainment Sector
Avex Inc., an entertainment conglomerate led by founder Max Matsuura and headquartered in Tokyo, has decided to set up a subsidiary called Avex Technologies (ATS) to adopt cloud and blockchain technologies in the entertainment field.