Editor's PiCK
Han Dong-hoon, Advocates for Legalization of Token Securities… "User Protection Measures Needed"
Summary
- Representative Han Dong-hoon emphasized that the legalization of Token Securities issuance should proceed quickly.
- He conveyed that the issuance of STO is essential for the Korean industrial sector.
- He also pointed out that the domestic legal situation is inadequate and that solving practical problems is urgent.
Han Dong-hoon, representative of National Power, expressed the opinion that the legalization of Token Securities issuance (STO) should proceed quickly.
On the 28th, Representative Han participated in the 2nd Digital Asset STO Forum held at the National Assembly Members' Hall and emphasized, "The time to discuss whether to allow Token Securities issuance has passed. It is now a matter of reality. What politics must do is to prepare user protection systems within the system without delay."
Representative Han noted that the United States and Singapore have already announced STO guidelines. Japan also incorporated Token Securities into its regulatory framework with the Financial Instruments and Exchange Act in 2020, but pointed out that the domestic legal situation remains inadequate.
He stated, "In fact, South Korea is a manufacturing powerhouse with industries like semiconductors, shipbuilding, and smartphones. To sell and utilize these proud products well in the world, we must effectively utilize finance like STO," he added.
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