TechFlow, November 24 — According to Naver, amendments to South Korea's Electronic Securities Act and Capital Markets Act have passed the legislative review panel of the National Assembly's Standing Committee on Finance and Economy, and are expected to receive final approval at a plenary session of the National Assembly next month. The bill formally incorporates blockchain distributed ledger technology into the electronic securities system, allowing issuance of tokenized securities based on blockchain, and brings small-scale over-the-counter trading platforms under regulatory oversight. Once enacted, tokenization of real-world assets such as real estate, artwork, and music copyrights will be enabled within a legal framework, positioning South Korea to become a hub for tokenized securities in Asia.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
