Today South Korea’s FSC or Financial Services Commission published guidelines on which blockchain-based iterations of traditional securities, known as security tokens, will qualify for regulation under the country’s capital markets rules. The guidelines have come ahead of highly anticipated regulations that will institutionalize security tokens. FSC Guidelines for Security Tokens to Control South Korea’s Booming Crypto Industry South Korea is working to regulate the crypto and blockchain sector comprehensively, with lawmakers of the country’s National Assembly considering 17 separate crypto-related legislative frameworks. The discussions are aimed at creating the Digital Asset Basic Act (DABA), an all-encompassing legal framework for regulating Korea’s The post South Korea’s FSC Reveals Guidelines for Regulation of Security Tokens appeared first on Cryptoknowmics-Crypto News and Media Platform .
