South Korea's ambition to regulate the digital asset ecosystem is gaining ground as it looks to draft new legislation for supervising security tokens, which it hopes to be finalized before yearend.
Figure Securities has been approved as a broker-dealer by the Financial Industry Regulatory Authority, with its blockchain-based trading system given the go-ahead by the U.S. SEC.
Dubai proposes a framework to regulate security tokens and curb money laundering, as part of a bid to promote the growth of security tokens that could transform the city’s financial services industry.
SEC Commissioner Hester Peirce recently spoke about a range of topics related to blockchain and digital currency at the Security Token Summit.
Wayne Trench, CEO of OSL Brokerage, is trying to build a more mature and sophisticated brokerage system for securities trading.
The Financial Services Commission stated in the note that securities tokens are categorized as securities under the country’s Securities Act of 2005.
A symposium has been established for April of this year, and it will listen to opinions and plan on what should be the guidelines and regulations that will be established related to this fundraising.
It appears that the Security Token market is suffering even more than the initial coin offering market is.
tZero, the blockchain subsidiary of retail giant Overstock.com, announced that the secondary market for tZero security tokens is now live.
A serious security flaw on the DX.Exchange security token trading platform would have allowed anyone to access the authentication tokens of the exchange’s users.