According to the South Korean portal NAVER, the South Korean Financial Supervisory Service has begun to directly review whether each virtual asset has securities attributes. The regulator established a special task force on February 10 to support the determination of the securities attributes of virtual assets circulating in South Korea. This month, the task force will compile a review list of virtual asset securities attributes, check the technical specificity of virtual assets and the relevance of securities concepts, and start discussing securities attributes based on specific cases next month.

In addition, in order to guide the encryption industry to judge whether its virtual assets have securities attributes, the Korean Financial Supervisory Service plans to accept questions raised by virtual asset exchanges and other parties, and hold symposiums and briefings on this.

Earlier on February 6, the Korean Financial Services Commission planned to allow ST0 to be issued and circulated in the form of securities, which is different from virtual assets; the dean of the Korean Financial Supervisory Service stated that the criteria for judging the "securities attributes" of tokens will be unified and will be held this month. Seminar. Earlier today, it was reported that South Korean authorities are studying cases such as the US SEC v. XRP case to refer to the formulation of ST0-related regulations.