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2023.03.04

Tokens Can Be Securities in the US but Not in South Korea?

It has been argued that even if certain cryptocurrencies are found to be securities in the US, they may not be in Korea. It is predicted that the outcome of the lawsuit between the US SEC and Ripple (XRP) will bring a considerable impact on classifying many cryptocurrencies as securities. However, Partner attorney Ohoon Kwon provided a legal interpretation that it will not significantly affect the Korean market as the legal systems for determining securities in the United States and Korea are different.

 

 

URL: Tokens Can Be Securities in the US but Not in South Korea?