South Korea to Overhaul Token Securities Regulations

South Korea's Financial Services Commission (FSC) chairman, Lee Eog-weon, announced that token securities are set to become a core component of capital markets rather than a temporary trend. According to NS3.AI, the government is planning a comprehensive reform of regulations concerning the issuance, distribution, and disclosure of token securities to foster innovation. A new regulatory framework law, which was passed in January, is scheduled to take effect in February next year. This initiative will be supported by a joint public-private 'Token Securities Council' aimed at establishing the necessary infrastructure and detailed rules.