Government has made abrupt about turn to legitimize cryptocurrencies by bringing them under greater regulatory purview.
HK on 'greylist'; Macau, S.Korea, on blacklist with the latter said to operate a ‘harmful preferential tax regime’ for the wealthy, companies.
People’s Happiness Fund will purchase more than half the debt, remainder will be written off using private sector funds.
Existing OTC platform has not been successful due to institutional investors’ concerns about having to give details of their trading strategies.
Financial Investment Association says Chain ID is a world first, authentication only has to be performed once every three years.
Move is part of President Moon Jae-in’s Chaebol clean-up campaign, follows proposal to make agencies liable for ‘defective ratings’.
Regulator calls on banks to strictly screen mortgage applications as household debt increases by $15.9bn over July and August.
Only 60% of bonuses to be paid up front, remaining 40% to be paid out over three years but can be cut or clawed back if investments lose money.
Measures are expected to sharply increase incidences of excessive short selling; new categories of offence come with heavier maximum penalty.
FSC to come up with deregulation plan by end-of year; wants more challengers to financial sector incumbents after approval of internet-only banks.
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