Crypto
Lucentblock calls for additional licences for fractional investment distribution, weighs legal action
Heo Se-young (허세영), CEO of Lucentblock, called on South Korea\'s financial authorities to grant additional licences for over-the-counter brokerage in fractional investment distribution. He questioned the process by which the Financial Services Commission limited licences to a maximum of two and urged greater disclosure of the basis for the cap. He also raised concerns over how regulatory sandbox businesses are incorporated into formal rules. He said the firm could consider legal action if additional licensing is delayed.
