According to News1, Busan, South Korea will build a decentralized digital commodity exchange based on blockchain, covering tokenized transactions of movies, game IP, precious metals, agricultural and livestock products, ships, real estate, etc. start operating within. The exchange system is designed as a decentralized fair trading system, and its depository settlement, listing evaluation, market monitoring and other functions will be separated into separate institutions, aiming to become the basis for future support of virtual assets and security token transactions. In addition, in order to create a regulatory environment that can compete with Singapore, Abu Dhabi, etc., the Korean financial authorities negotiated and formulated various policies applicable to the regulation-free zone, and actively submitted opinions in the process of supplementing the digital asset law submitted to the National Assembly. At the same time, the Exchange Promotion Committee will prepare for the establishment of a legal person in February and start system testing, etc., to speed up the follow-up work for the start of business within this year.