South Korea's financial regulators, including FSC_Korea, want to formalize the issuance and distribution of security tokens by bringing them into the scope of existing capital markets regulations. By iamsandali
The Korea Institute of Finance, which provides in-depth analysis of the country's financial sector, hasThe current capital market and electronic securities systems in South Korea do not support blockchain technology, asaid, adding that incorporating the issuance and distribution of security tokens into these frameworks is necessary to protect investors and financial stability.
The regulators also plan to set up a pilot through a regulatory sandbox to inform the formal institutionalization of security tokens.
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