South Korea's financial regulator has announced that it will ban all initial coin offerings (ICO).
The Financial Services Commission said that cryptocurrencies need to be more tightly controlled and monitored because it is concerned that ICOs are increasing the risk of financial scams.
Financial institutions that issue ICOs will face "stern penalties", although the commission did not release details about the penalties.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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