LucentBlock, operator of SOYOU, faces potential closure after being excluded from South Korea’s new STO OTC exchange licenses, prompting legal action and protests over alleged unfair practices and regulatory inconsistencies.
#YonhapInfomax #LucentBlock #STOLicense #FairTradeCommission #SOYOU #500000Users #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=99351South Korea’s financial regulators are unlikely to grant preliminary approval for STO OTC platforms this year, as extended reviews over financial operator qualifications and complex shareholding structures delay the process for KDX, Lucentblock, and the NXT Consortium.
#YonhapInfomax #STO #KDX #Lucentblock #FinancialServicesCommission #ShareholdingStructure #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=92974
STO OTC Platform Approval Unlikely This Year as Regulatory Review Faces Hurdles Over Financial Requirements and Shareholding Structure
South Korea’s financial regulators are unlikely to grant preliminary approval for STO OTC platforms this year, as extended reviews over financial operator qualifications and complex shareholding structures delay the process for KDX, Lucentblock, and the NXT Consortium.
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