โก๏ธ SOUTH KOREA WILL CONSIDER TOKENIZED STOCKS AS SECURITIES!
The South Korean government is tightening the legal framework around tokenized stocks:
๐ Classification: They will be regulated and taxed like SECURITIES, not digital assets.
๐ Timeline: Tax implementation is expected to start in the latter half of 2026 (waiting for FSC to finalize regulations in July).
๐ Scope: Tax will apply to transactions on foreign platforms if the underlying asset is a security.
Even with blockchain tech enabling custody and trading 24/7, this asset class still can't escape the net of traditional financial regulation! ๐ฐ๐ท๐
$SPCXB $BTC #MuskBecomesFirstTrillionaireAfterSpaceXIPO
The South Korean government is tightening the legal framework around tokenized stocks:
๐ Classification: They will be regulated and taxed like SECURITIES, not digital assets.
๐ Timeline: Tax implementation is expected to start in the latter half of 2026 (waiting for FSC to finalize regulations in July).
๐ Scope: Tax will apply to transactions on foreign platforms if the underlying asset is a security.
Even with blockchain tech enabling custody and trading 24/7, this asset class still can't escape the net of traditional financial regulation! ๐ฐ๐ท๐
$SPCXB $BTC #MuskBecomesFirstTrillionaireAfterSpaceXIPO