What is the significance of South Korea officially establishing the STO framework and the passing of the amendments to the Capital Markets Act?

Question

[Chain Wen] The South Korean National Assembly recently passed amendments to the Capital Markets Act and the Electronic Securities Act, which means that Korea has finally established a framework for the issuance and circulation of security tokens (STO) after approximately three years of guidance from financial regulators.

What are the main changes in this amendment? Introducing the concept of distributed ledger technology is a highlight. Qualified issuers can now directly issue and manage tokenized securities through electronic registration. Additionally, a new role called “Issuance Account Management Institution” has been created. Furthermore, non-typical securities such as investment contract securities are now included under the regulation of the Capital Markets Act, and over-the-counter (OTC) trading brokerage services are also newly added, allowing these securities to circulate in the OTC market.

Pay attention to the timeline— the revision of the Capital Markets Act comes into effect immediately upon release, but the investor solicitation guidelines will only take effect six months after release, and OTC trading will be effective after one year. This phased approach provides market participants with time to prepare and adapt.

MetaverseMigrant · Accepted Answer

South Korea's speed is really impressive. Three years of sharpening the sword and it’s out of the sheath... However, pushing forward in phases still feels a bit conservative. Off-market trading takes a whole year before taking action, really?

SingleForYears · Answer

Korea's move this time is quite steady; they are rolling out in phases to avoid issues from trying to do everything at once.

Fren_Not_Food · Answer

South Korea has finally woken up. Three years of sharpening the sword just for this moment. However, I think implementing this strategy in phases might be a bit risky.

SquidTeacher · Answer

Korea's recent moves are indeed interesting, but the phased implementation is meant to proceed steadily.

MEVvictim · Answer

South Korea has finally taken serious action, with the STO framework implemented. Now blockchain securitization has a real chance.

ReverseTradingGuru · Answer

South Korea's move this time, after three years of preparation, is finally coming to fruition. I prefer phased implementation, not all at once, to give the market time to react.

airdrop_whisperer · Answer

South Korea has finally finalized the STO framework after three years of preparation... The phased approach is quite steady, unlike some countries that start with chaos.

DefiSecurityGuard · Answer

wait, so they're literally introducing a whole new "account management institution" role? ngl that's just another regulatory honeypot waiting to happen. seen this pattern before—create intermediary → create exploit vector → rugpull indicators everywhere. DYOR before anyone touches this.

GasGrillMaster · Answer

South Korea finally figured it out, a big move after three years of holding back

What is the significance of South Korea officially establishing the STO framework and the passing of the amendments to the Capital Markets Act?

Trending Topics

TariffTensionsHitCryptoMarket

CryptoMarketPullback

GateLaunchpadIMU

GoldandSilverHitNewHighs

WarshLeadsFedChairRace

Hot Gate Fun

MMT

MYANMAR TOKEN

QTM

Quantum

do love

do love

大圣归来

大圣归来

炒币给我爷爷买点煤过冬

炒币给我爷爷买点煤过冬

Pin