{"id":490980,"date":"2022-09-07T12:47:06","date_gmt":"2022-09-07T09:47:06","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/south-korean-regulators-to-prepare-guidelines-for-security-tokens-in-2022\/"},"modified":"2022-09-07T12:47:06","modified_gmt":"2022-09-07T09:47:06","slug":"south-korean-regulators-to-prepare-guidelines-for-security-tokens-in-2022","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/south-korean-regulators-to-prepare-guidelines-for-security-tokens-in-2022\/","title":{"rendered":"# South Korean regulators to prepare guidelines for security tokens in 2022"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40b5d33bd89\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40b5d33bd89\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/south-korean-regulators-to-prepare-guidelines-for-security-tokens-in-2022\/#%E2%80%9D_South_Korean_regulators_to_prepare_guidelines_for_security_tokens_in_2022_%E2%80%9C\" >&#8221; South Korean regulators to prepare guidelines for security tokens in 2022 &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_South_Korean_regulators_to_prepare_guidelines_for_security_tokens_in_2022_%E2%80%9C\"><\/span>&#8221; South Korean regulators to prepare guidelines for security tokens in 2022 &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYWY1OGMwZTAtZmRhMC00YzY4LWIzNTktM2I2MTQ1NWIyMzM4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-3511d6da>Guidelines for security tokens in South Korea will be announced by the end of 2022. Simultaneously, the pilot market with a regulatory sandbox will be launched before the formal institutionalization.\u00a0<\/p>\n<p>Chief South Korean financial regulator, the Financial Services Commission (FSC), <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fsc.go.kr\/no010101\/78463\">published<\/a> the report with the results of a joint policy seminar it held together with the Financial Supervisory Service, Korea Exchange, Korea Securities Depository and Capital Market Research Institute on Sep. 6. The stakeholders gathered to discuss further national strategy on security tokens issuance and distribution. <\/p>\n<p>As the current capital market and electronic securities system in the country doesn\u2019t include any legal definitions of non-standardized securities issued via blockchain, the FSC deemed it necessary to draft separate guidelines to \u201csupport the sound development of the market and industry.\u201d <\/p>\n<p>The FSC will prepare and announce the guidelines for security tokens\u2019 in the 4th quarter of 2022. After that, it will proceed with establishing the \u201cSecurity Token Discipline System\u201d through revisions of existing legislations, such as the Electronic Securities Act and Capital Market Act. <\/p>\n<p>The digital securities market will be operated by the Korea Exchange, while the Korea Securities Depository will assess the tokens before registering and listing them. In the first stages, the regulator will allow over-the-counter trading on a limited scale. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>South Korea&#8217;s financial watchdog wants to &#8216;quickly&#8217; review crypto legislation<\/em><\/strong><\/p>\n<p>The announcement makes another step in a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of regulatory initiatives in the country, whose newly-elected government has set the mission to promote the crypto market. On Sep. 1, local lawmakers proposed enacting the Metaverse Industry Promotion Act, which would foster the Metaverse development in South Korea. An ambitious plan to set up a comprehensive <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> crypto framework by 2024 had been leaked to the press in May. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/south-korean-regulators-to-prepare-guidelines-for-security-tokens-in-2022\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; South Korean regulators to prepare guidelines for security tokens in 2022 &#8220; Guidelines for security tokens in South Korea will be announced by the end of 2022. Simultaneously, the pilot market with a regulatory sandbox will be launched before the formal institutionalization.\u00a0 Chief South Korean financial regulator, the Financial Services Commission (FSC), published the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":490981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYWY1OGMwZTAtZmRhMC00YzY4LWIzNTktM2I2MTQ1NWIyMzM4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[70934,72287,72420],"class_list":["post-490980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-regulation","tag-security","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/490980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=490980"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/490980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/490981"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=490980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=490980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=490980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}