South Korea finance ministry says tokenized stocks are securities, not crypto assets, opening door to taxes: report

Crypto Insight Summary: Return to [The Block](https://www.theblock.co/). By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Cookies Settings Reject All Accept All Cookies  When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences, or your device, and is mostly used to make the site work as you expect. The information does not usually identify you directly, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to learn more and change our default settings. Blocking some types of cookies may impact your experience of the site and the services we are able to offer. [More information](https://cookiepedia.co.uk/giving-consent-to-cookies) Allow All - [x] Functional Cookies These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. Crypto Insight Analysis: Direction: Bearish KRW / Neutral BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: South Korea's stance on tokenized stocks as securities may deter local crypto adoption.