South Korea considers allowing crypto exchanges to trade tokenized securities, Bithumb sues over regulatory penalties

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South Korea’s Financial Services Commission (FSC) said it would study whether to allow crypto exchanges to trade tokenized securities, taking into account market conditions, investor protection and licensing arrangements. The related legal amendments and accompanying rules are expected to take effect on 2027年2月4日; meanwhile, Bithumb is challenging a 36.8 billion won fine and a six-month partial business suspension imposed by the Financial Intelligence Unit (FIU). The Bank of Korea also plans to require eligible exchange users to report their digital asset holdings at the end of each month and the amounts transferred into and out of the country.