• Sun, 16 Jun 2019, 11:37 PM
  • All times are UTC
  • Edition:
    International
Link copied

Three blockchain-based services to be tested in South Korea’s FSC’s regulatory sandbox

Thu, 09 May 2019, 04:36 am UTC

South Korea’s Financial Services Commission (FSC) has announced nine additional financial services that have been approved to be tested in the financial regulatory sandbox.

The FSC launched the sandbox on April 01, 2019 as the Special Act on Financial Innovation Support came into effect, and subsequently announced the first cohort of financial service providers accepted into the sandbox.

In an announcement dated May 02, the FSC said that it designated nine additional financial services as ‘innovative financial services’ to be accepted into the first cohort. It said that it received a total of 105 applications, of which 18 are now selected for the sandbox.

Of these 18 services, three are focused on using blockchain technology. This includes

  • Stock lending platform based on blockchain technology offering stock lending and borrowing services for individual investors (Directional)
  • A blockchain technology-based financial service that computerizes and updates the list of shareholders of non-listed SMEs, and provides assistance for P2P over-the-counter trading of such stocks. (KOSCOM)
  • A blockchain technology-based financial services that issues and distributes mortgage-backed securities (MBS) in a form of electronic securities. (Kasa Korea)

The FSC said that additional application for the financial regulatory sandbox will begin at the end of June.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,046.31 (+2.44%)
  • Ethereum (ETH) $271.18 (+0.87%)
  • XRP (XRP) $0.430100 (+4.82%)
  • Litecoin (LTC) $137.08 (-0.33%)
  • Bitcoin Cash (BCH) $429.75 (+2.06%)
  • Bitcoin (BTC) $9,046.31 (+2.44%)
Jun 14, 2019 (Friday)
10:49
Crypto Technicals: Bitcoin hovers around 20-DMA, poised for upside resumption
10:35
National Fisheries Institute to begin seafood blockchain pilot with IBM Food Trust
09:43
Reuters, Bloomberg, TradingView add support for new cryptocurrency index ‘CIX100’
09:26
Crypto Technicals: Litecoin retraces brief dip below $129, finds strong support at 110H EMA
09:08
Facebook's cryptocurrency project gets big backers including Mastercard, Paypal, Uber, Visa: Report
08:59
Circle to end support for its payment app, to shift to blockchain-based financial projects
07:27
Bitcoin startup Bitrefill closes $2M seed round led by Coin Ninja
07:21
U.S. FDA picks IBM, KPMG, Merck and Walmart to develop blockchain platform for prescription drugs
06:01
Turkey's BKM launches blockchain-based digital certificate platform co-developed with Microsoft and VeriPark
04:47
Bakkt to begin bitcoin futures testing on July 22
03:32
R3, Bradesco, Itau team up to develop blockchain-enabled platform for foreign trade and insurance: Report
02:36
Brazil considers promoting blockchain in public administration in new proposed bill
02:29
FINRA fines, suspends ex-Merill Lynch advisor for crypto mining business
02:25
Less than 5% of GitHub crypto contributors are women: Study
Jun 13, 2019 (Thursday)
11:25
John McAfee launches new cryptocurrency trading platform
10:27
Indian government-backed learning initiative SWAYAM offers free course on cryptocurrencies and blockchain
10:20
Crypto Technicals: ETH/USD consolidates break above 20-DMA, scope for further upside
09:29
Square Crypto announces former Google director Steve Lee as first hire
08:41
FATF to release new policies for global digital asset industry affecting crypto exchanges, custodians, hedge funds: Report
08:33
Crypto Technicals: Bitcoin Cash edges above 21-EMA, signs of bullish resumption
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft