South Korean Firms Register ICOs in Singapore

Cryptocurrency ICO Singapore

Due to the banning of ICOs by the South Korean financial regulators, the cryptocurrency firm in the country has decided to register their ICO overseas instead. A CEO of a local cryptocurrency firm explained that “It takes at least 200 million won to 300 million won (US$179,775 to US$269,663) to launch a subsidiary in Singapore and receive consulting services.

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