Korea

Coinone will end its partnership with Nonghyup Bank to increase online withdrawal and deposit limits with KakaoBank.

The new "customised countermeasures" are aimed at enabling actual buyers rather than speculators to obtain property loans from banks.

BOK tested the use of its CBDC system to purchase NFTs, perform cross-border remittances, fulfill seizure orders, and automate AML/CFT monitoring and STR filings.

The proposed legislation will empower the FSC to punish unfair trading in virtual assets the same way it does in the stock market.

KRW 95 trillion will ultimately be channeled by 5 financial groups into corporate bonds, other debt securities, state firms, and small merchants and businesses.

A KRW 50 trillion liquidity support package will also be launched to help SMEs and startups burdened by high interest rates and provide financing for their future growth.

BOK eased its collateral policies and opened a new repo facility. The FSC adjusted the loan-to-deposit ratio. KSFC and KDB are providing liquidity to securities firms.

The FSC will increase scrutiny of crypto tokens listed by just a single VASP, stablecoin transaction volumes, and customers making large deposits.

The MyData service will be expanded to include information on tax payments, public pensions, loan deferrals, and more insurance data.

Korea's government has pledged KRW 50 trillion to buy up corporate debt, defer the return to 100 percent LCR, and supply liquidity to securities firms.