The Financial Services Commission will release guidelines for 'security tokens (STO)' in January next year, which were scheduled to be released within this year.

As the National Assembly has not been able to speed up related legislation, the administration itself is determined to resolve the inconvenience of operators by disclosing separate guidelines. Security tokens refer to securities issued in the form of tokens using blockchain technology.

Unlike general virtual assets such as Bitcoin and Ethereum, securities that are issued and distributed using block chains must comply with the Capital Markets Act. It lowers the entry barrier for investors in that it can divide and own various assets such as real estate, art, and stocks (piece investment), and it is characterized by lower risk than other digital assets because it is based on real value.