The registrations follow two consecutive days of Bitcoin hitting all-time highs, following an announcement by CME Group that it plans to launch a futures market in the currency by the end of the financial year.
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Despite the local ban, many Korean cryptocurrency users are still participating in international ICOs. Kang Young-soo, the regulator that oversees cryptocurrency trading policies at the Financial Service Commission (FSC), declined to comment on ICOs other than to say the FSC is considering a "third party view."
Report: South Korea Could Ease Its ICO Ban - CoinDesk
South Korea's ban on initial coin offerings (ICOs) could be relaxed in the months ahead, according to a new report.
Around half a dozen market participants, from investors to CEOs of companies with their own coins, told Business Insider that some exchanges are charging anywhere between $50,000 to $1 million to get their tokens listed.
Crypto exchanges are charging up to $1 million per ICO to list tokens: 'It's pure capitalism'
The promise of liquidity puts pricing power in the hands of the liquidity providers: the exchanges.