Upbit’s parent company Dunamu says preparations for stock tokenization technology are complete, and services can launch as soon as regulations allow.
Vice Chairman Kim Hyeong-nyeon said at a digital asset policy meeting in Seoul that tokenized shares of Samsung Electronics and SK hynix can currently be traded only overseas. At the same meeting, Min Byung-duk of the Democratic Party of Korea argued that the Digital Asset Basic Act should be passed by January 18 next year at the latest. Park Soo-min of the People Power Party said it should not be rushed and called for institutional and corporate investors to be fully allowed to invest in crypto assets.
· Having the technology ready does not mean it can go live; the service’s rollout still depends on South Korea’s regulatory framework.
Do you think the January 18 deadline proposed by Min Byung-duk will be adopted during the regular session of the National Assembly?
#SouthKoreaDigitalAssetBasicAct
Vice Chairman Kim Hyeong-nyeon said at a digital asset policy meeting in Seoul that tokenized shares of Samsung Electronics and SK hynix can currently be traded only overseas. At the same meeting, Min Byung-duk of the Democratic Party of Korea argued that the Digital Asset Basic Act should be passed by January 18 next year at the latest. Park Soo-min of the People Power Party said it should not be rushed and called for institutional and corporate investors to be fully allowed to invest in crypto assets.
· Having the technology ready does not mean it can go live; the service’s rollout still depends on South Korea’s regulatory framework.
Do you think the January 18 deadline proposed by Min Byung-duk will be adopted during the regular session of the National Assembly?
#SouthKoreaDigitalAssetBasicAct
