![](https://i-invdn-com.akamaized.net/content/pic8337e0ad8b20896f42c5139133faf3e4.jpg)
South Korea will continue to ban initial coin offerings (ICOs) in the country, state financial regulator the Financial Services Commission (FSC) confirmed in a press release Jan. 30.
Unveiling the results of a survey undertaken from September 2018, the body said it had discovered that firms conducting ICOs were making use of foreign jurisdictions, but still raising funds from South Korean nationals.