South Korea’s lawmakers have made significant progress with the establishment of a framework for security token offerings (STOs).
Recently, the national legislature voted to pass amendments governing tokenized securities, creating a regulated pathway for the issuance and trading of blockchain-based securities in the country.
South Korea Government Intensifies Crypto Regulation
South Korea’s National Assembly has passed amendments to the Capital Markets Act and the Electronic Securities Act.
The amendments, passed during the January 15 plenary session, define tokenized securities as a broad category encompassing all types of securities, including both debt and equity instruments.
According to the South Korean government, it should be beneficial for non-standardized investment contract securities.
These projects include real estate, art, and livestock investments, which were previously restricted in distribution.
The new legislation, known as the Electronic Securities Ac
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