South Korea's Crypto Trading Volume Drops 20% Amid Tokenized Securities Rules
South Korea's cryptocurrency trading volume dropped by 20% from the previous week, with the five major exchanges recording a combined trading volume of approximately $15.1 billion between September 25 and October 2.
The Financial Services Commission proposed rules for issuing tokenized securities in South Korea, which would require companies to have at least four billion won in equity capital and employ specific personnel for account management, internal control, and information technology.
The proposal also sets limits on retail investors' annual net purchases of 100 million won on each over-the-counter exchange. The consultation period opened on October 2 and closes on November 11, with the proposed rules set to be implemented on February 4, 2027.