Korea Forms a Special Group to Review Virtual Assets with Securities Properties

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Key Points: The Korea Financial Supervisory Service established a task force to inspect the securities properties of circulating virtual assets.
The organization will soon compile a list virtual assets to help evaluate securities properties.
All inquiries regarding this issue will be received by the organization.
The Korean Financial Supervisory Service is now directly reviewing each virtual asset’s securities properties. The Korean Financial Supervisory Service has begun to examine whether each virtual asset has securities properties. This will allow us to gather diverse expert opinions through in-depth discussions about critical issues.
“As stated in the Token Securities Guide,” Virtual asset handlers such exchanges and issuers must determine whether virtual assets in circulation are securities. If investor protection is raised through, etc. the supervisory authority will investigate the case and determine the nature of securities through a case by case analysis.
According to the Financial Supervisory Service, an official said that Korean authorities are looking into cases like the US SEC lawsuit against XRP. This information is not intended as investment advice. We encourage you to do your research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comFoxyCoincu NewsTags: # Cryptocurrencies#MarketsBlockchaincryptoKorea Financial Supervisory ServicesecurityVirtual Assets