South Korea To Establish A Separate Market For Security Tokens To Formalize P...
South Korea continues its notable journey regarding blockchain developments and legislation in an attempt to provide the crypto community with a transparent digital ecosystem. In this slew, the South Korean Financial Regulator now plans to establish a separate market for security tokens. With this move, regulators, intend to bring crypto security tokens, the digital form […]
Related News
South Korea will get a separate security tokens market operated by Korea Exchange. Guidelines for security tokens in South Korea will be announced by the end of 2022. Simultaneously, the pilot market with a regulatory sandbox will be launched before the formal institutionalization. Chief South Korean financial regulator, the Financial Services Commission (FSC), published the report with the results of a joint policy seminar it held together with the Financial Supervisory Service, Korea Exchange, Korea Securities Depository and Capital Market Research Institute on Sep. 6. The stakeholders....
Amid the ongoing controversy surrounding virtual asset taxation in the country, South Korea’s Financial Authority recently proclaimed non-fungible tokens (NFT) as taxable. On Tuesday, The Financial Services Commission (FSC) of South Korea, announced that it would start taxing NFTs. According to The Korea Herald, from January next year, this tax law amendment would impose a […]
In a move that will see South Korea become even more crypto-friendly, President Yoon has announced his intention to establish a new regulatory framework for the crypto industry by 2024. With this new legislation in place and increasing demand for cryptocurrency services across all areas of commerce, it seems likely they can pull off another […]
Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose interest in digital assets is growing.
Ruling Party of South Korea to Collect Crypto Funds for Presidential Bid
The Democratic Party of Korea, the country’s leading political force, is going to raise election funds through cryptocurrency and issue receipts to donors in the form of....
In an announcement via email newsletter today, Korbit, a South Korean Bitcoin exchange and wallet announced it is the first launching partner within South Korea to integrate BitGo Instant into their Bitcoin transfer and remittance protocol. BitGo is a Bitcoin security company that offers a multi-sig wallet and now BitGo Instant. Korbit is one of the most popular and widely used Bitcoin wallets and exchanges in South Korea. They currently offer a way to buy Bitcoin through regular ATM transfer transactions from major banks in South Korea. Now partnered with BitGo Instant, Korbit will add a....