Search results for Electronic Securities Act
Finance
FSC begins designing tokenised securities market structure, reviews trading limits and licensing requirements
South Korea\'s Financial Services Commission is accelerating detailed rule design for tokenised securities ahead of the制度\'s rollout. It held a second public-private meeting on May 15 to discuss frameworks for issuance, distribution and infrastructure, and reviewed issues tied to planned July revisions to subordinate regulations and guidelines. The group discussed eligibility of underlying assets, possible permission for bundled assets in limited cases, and preparations for broader tokenisation. It also debated OTC exchange licensing, dual-business scope and trading limits.
Crypto
Circle steps up push in South Korea, fuelling hopes for won-backed stablecoin
Circle CEO Jeremy Allaire (제레미 알레어) visited South Korea and met major financial groups and crypto exchanges, lifting expectations for won-backed stablecoins and related infrastructure cooperation. Shares linked to stablecoins rose sharply on April 14. Analysts said stablecoins connect broadly to payments, authentication, settlement, wallets and trading infrastructure, and that Circle may pursue cooperation on expanding USDC distribution and building infrastructure including CCTP.
Finance
Securities industry may hit brakes on digital asset business, watches regulatory variables
South Korea’s securities industry is accelerating digital asset plans but is watching regulatory moves after Bithumb’s large-scale bitcoin mispayment incident. Key issues in talks on the Digital Asset Basic Act include limiting major shareholders’ stakes in exchanges to 15 to 20 percent and requiring won stablecoin issuers to be majority bank-owned. Firms are expanding tokenised securities partnerships, while some warn new rules could curb exchange investments and shift control of stablecoin payments to banks.
