South Korea's Financial Services Commission to Study Allowing Crypto Exchanges to Participate in STO Market

Odaily reports: South Korea's Financial Services Commission has announced that it will study plans to allow cryptocurrency exchanges to participate in the security token offering (STO) market, including issues such as market conditions, investor protection, license system integration, and concurrent business permits. Lee Eok-won (이억원), Chairman of South Korea's Financial Services Commission, stated that he agrees with the proposal to develop the STO market using the technology and trading infrastructure of existing exchanges, and emphasized the need to integrate the technology and trading infrastructure of existing exchanges into the token securities market. (EDaily)