South Korea broadens rules to determine which digital tokens are securities
The new rules are designed to "prevent potential violations of the law" and protect investors' interests, according to the Financial Services Commission.
The new rules are designed to "prevent potential violations of the law" and protect investors' interests, according to the Financial Services Commission.
South Korean authorities say Kang Jong-Hyun was involved in stock price manipulation in Bithumb's affiliate companies like Vident, Bucket Studio, and Inbiogen using convertible bonds.
The warrant from the Supreme Prosecutors Office was issued for five others who worked at Terra, with South Korean authorities accusing them of violating the Capital Markets Act.
Employees of the Financial Services Commission who deal with digital currencies must file reports on their personal digital currency holdings.
The Financial Services Commission warned that cryptocurrency funds and mutual funds have similar structures, which may result in investors into assuming that such funds are legal investments under the South Korea’s Capital Markets Act.