Korea Financial Services Commission to Establish Guidelines for Security Token Issuance and Circulation Within This Year

Korea's financial sector has decided to establish guidelines for security token issuance and circulation within this year, and to develop related regulations from next year. The decision was made by the Korea Financial Services Commission (FSC) at a joint seminar with the Financial Supervisory Service, the Korea Exchange, the Korea Securities Depository and the Capital Market Research Institute. In addition, FSC plans to establish a regulatory system for security token by amending the Electronic Securities Law and the Capital Market Law starting next year.