- ICO’s are, however, not regulated by the public offering price or asset allocation and there is no institutionalized regulation on listing.
- If there had been a minimum disclosure of the typical investment risks of stablecoins, extreme optimism about Terra-Luna would not have spread in the trading market.
- At the moment there is no regulation on illegal transactions such as unfail trade in digital assets and insider trading.
Kim Gap-rae, a research fellow at the Capital Market Research Institute, spoke at the Global Investment Center in Yeouido, Seoul, on May 24 about “The Current State and Major issues of the Digital Asset Market.”
His main point was the fact that “the virtual asset market has grown based on investor trust by enacting the ‘Basic Act on Digital Assets.’”
Initial coin offering (ICO) is the raising of initial development funds from investors and paying coins in return for issuing new virtual assets. Certain criteria need to be met before the ICO can issue any coins at the initial stage of the project.
ICO’s are, however, not regulated by the public offering price or asset allocation and there is no i …