The Korea Financial Supervision Institute has set up a task force to review virtual assets with securities attributes
On February 14, according to foreign media reports, the Korea Financial Supervision Institute began to directly review whether the virtual assets have the property of securities. The regulator set up a special working group on February 10 to support the determination of the security attributes of virtual assets in circulation in South Korea. This month, the task force will prepare a review list of security attributes of virtual assets, check the technical specificity of virtual assets and the relevance of security concepts, and start to discuss the security attributes based on specific cases next month.
Interpretation of this information:
The Korea Financial Supervision Institute has started a review to determine whether virtual assets have the characteristics of securities. In support of this review, a special working group has been established to create a list of security attributes in virtual assets, as well as check their technical specifications and relevance to security concepts. The task force will begin discussing specific cases next month to evaluate the security attributes of virtual assets.
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