#SouthKoreaCryptoPolicy #SouthKoreaCryptoPolicy 🇰🇷 South Korea on the brink of breakthrough — parliament ready to legalize tokenized assets (STO)

🔥 Draft laws have been submitted to parliament that legalize the issuance of tokens backed by real assets: real estate, commodities, copyrights, and even livestock. All of this is based on public blockchains.

📌 What is important:

— Even retail investors will be able to participate — entry from $7;

— President Lee Jae-myung supports the launch of a national stablecoin based on the South Korean won;

— Support for the reforms is bipartisan: authorities, opposition, banks, and IT companies are united.

🔼 While the USA is stalling with CLARITY and GENIUS, South Korea is racing ahead. Legalization of STO turns the country into one of the key contenders for the role of digital Wall Street of the East.

RWA, DeFi, and traditional assets — all of this is beginning to merge into one market. And Korea is ready to set its rules.