• Sat, 24 Aug 2019, 09:01 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
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) $10,112.70 (-2.81%)
  • Ethereum (ETH) $189.88 (-2.05%)
  • XRP (XRP) $0.270800 (-1.82%)
  • Bitcoin Cash (BCH) $307.10 (-1.81%)
  • Litecoin (LTC) $73.35 (-2.31%)
  • Bitcoin (BTC) $10,112.70 (-2.81%)
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:42
Sierra Leone launches blockchain-based National Digital Identity Platform
10:43
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
09:52
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft