South Korea
TokenPost
Pre-Announcement of Subordinate Rules for Token Securities, Targeting February 2027 Implementation
- The FSC publicly announced draft amendments to subordinate regulations under the Electronic Securities Act and Capital Markets Act on October 1, 2026, with a public comment period running through November 11.
- The target implementation date for the token securities system is February 4, 2027, and the draft specifies eligible security types, distributed ledger requirements, issuer account management institution registration standards, and OTC trading rules.
- Virtual asset service providers (VASPs) engaged in trading, transferring, or custody of virtual assets as a business must register with the Korea Financial Intelligence Unit (KoFIU) under the Act on Reporting and Using Specified Financial Transaction Information.