The South Korean financial authorities will announce guidelines related to security token offerings (STO) on February 6

ChainCatcher news, according to South Korean media Hankyung, the South Korean financial authorities will announce guidelines related to Security Token Offerings (STO) on February 6.

Previously, the Financial Services Commission of South Korea issued instructions to the heads of the country's five major cryptocurrency exchanges (Upbit, Bithumb, Coinone, Korbit, and Gopax) to classify "tokenized securities" in trading and revoke their listing qualifications. DAXA plans to gather opinions from each company through a trading support subcommittee, expecting to collect the first batch of opinions and feedback by February 9 and submit them to the Financial Services Commission. (source link)