Finance

Household loan cap raised to 3 percent; scraping to be phased down

South Korea’s financial authorities loosened parts of their household loan management stance by raising this year’s lending growth target to 3 percent from 1.5 percent and planning 47.8 trillion won-plus in housing supply finance support. The move is expected to expand banks’ annual capacity for household loans to around 60 trillion won. Authorities also agreed not to block scraping all at once, opting to phase it down while preparing alternatives such as public MyData.

Crypto

Phantom, Hyperliquid urge CFTC to modernise onchain derivatives rules

Phantom and the Hyperliquid Policy Center asked the U.S. Commodity Futures Trading Commission to exclude blockchain protocol developers and non-custodial wallet providers from rules aimed at traditional financial intermediaries. In a letter submitted as part of the CFTC’s fintech rulemaking feedback process, they called for limits on registration requirements, guidance for regulated derivatives firms to use onchain infrastructure, and a formal exception so wallet providers are not treated as introducing brokers.