Korea’s Financial Services Commission has accepted a stock lending platform based on blockchain technology offering stock lending and borrowing services for individual investors.
The stock lending blockchain platform was one of nine financial service providers accepted into its financial regulatory sandbox.
The nine financial service providers were accepted out of 19 applications shortlisted for priority review and were allowed to test their services and products in the regulatory sandbox.
For the remaining 10 applications, the FSC will decide soon whether to accept them into the regulatory sandbox at its meeting scheduled for 2 May.
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