The Seoul Prosecutor’s Office will study the activities of several well-known start-ups
The South Korean prosecutor’s office, which earlier initiated an investigation into several crypto-exchange exchanges, expanded the scope of the operation. Now, the agency will study the activities of projects for the primary placement of tokens, reports the Twitter account Crypto Of Korea, citing local media.
The name of ICO-start-ups is not reported, but among them there may be several well-known projects, journalists noted. Similar companies are banned in the country since September last year, but Korean entrepreneurs began to raise funds in other jurisdictions. For example, ICON sold tokens through Switzerland.
Earlier, representatives of a large Bithumb stock exchange announced plans to release their own token. In March, the media reported that the ban on holding an ICO could be lifted in return for the introduction of strict rules for regulation of the industry.
On May 24, the US Justice Department began an investigation to find out whether traders and investors can manipulate the cost of digital money. He was approved by the manager of crypto-currency hedge funds and the head of the Galaxy Digital bank Mike Novograts, co-founder of Gemini Cameron Winklewoss and founder of Fundstrat Tom Lee, their words are passed by CCN.