The FSC said the new loan facility is being introduced to protect borrowers from illegal private finance and predatory lending.
A Bithumb executive, former Coinone employee, and other crypto exchanges are said to have illegally listed crypto tokens on their platforms.
The former executive allegedly almost $1.5mn from brokers to list a specific cryptocurrency on the Coinone trading platform.
KRX chief Sohn Byung Doo says the complete resumption of short selling will help Korea win inclusion in MSCI's developed markets index.
Regulators intend to introduce a new capital buffer system which will be based on banks' risk management and stress test results.
New FSC taskforce will work on measures to help FIs expand and invest overseas and address issues that prevent global firms from entering the Korean market.
South Korea's thoughtful approach to regulating digital assets will foster growth and innovation and result in a more vibrant and inclusive digital economy, say Rahul Advani and Angela Ang.
Applications for preliminary accreditation will be accepted between 27-30 March. Once authorisation is granted, firms will have six months to launch.
Two firms were fined a combined KRW 5.05 billion (USD 3.9 million) for naked short selling. The names of the firms were not released.
The government is inviting investment management companies to help operate the Metaverse Fund, offering special performance incentives.
Loading more posts...
Sorry, no more posts
No more pages to load