TechFlow News: On May 11, South Korea’s Financial Security Institute announced three key initiatives concerning digital asset services: developing a smart contract verification tool, establishing a smart contract verification framework, and cultivating digital asset professionals. Targeting use cases such as tokenized securities and stablecoins, the Institute will develop a dedicated security verification tool capable of automatically detecting major vulnerabilities—including reentrancy attacks, access control errors, and missed collateral validation—and continuously update detection rules in alignment with South Korea’s financial regulatory environment. Concurrently, the Institute will release the “Smart Contract Security Guidelines,” covering the full lifecycle of development, deployment, and operations, and enhance financial institutions’ digital asset security capabilities through seminars, collaborative networks, and other means.
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