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Finance

Toss online investment-linked financing push faces scrutiny over conflict of interest

Concerns mounted at a parliamentary audit over fintech platform Toss\' plan to enter online investment-linked finance, with lawmakers warning of potential conflicts of interest and market distortion. They said a large financial platform could affect a market developed by smaller fintech firms, especially if Toss supplies loan products while running a loan comparison platform. Lawmakers urged regulators to review rules and governance issues. The Financial Services Commission chairman said he would revisit the concerns.

Telecommunications & Media

SK Broadband\'s B tv Hot Deal tops 10 billion won in cumulative sales in 10 months

SK Broadband said on Sept. 30 that cumulative sales of its B tv Hot Deal, launched last November, topped 10 billion won in September after reaching 5 billion won in June. It took about 7 months to hit the first 5 billion won and about 3 months to add another 5 billion won. The TV commerce service offers short videos on B tv channel 41 and allows purchases via smartphone links or phone orders.

Crypto

Zcash breaks $1,600 after new ETP debuts in Europe, but rally started earlier

Zcash (ZEC) rose above $1,600 as a new exchange-traded product launched in Europe expanded investor access. 21Shares listed a physical-backed Zcash ETP on Euronext Paris and Amsterdam under the ticker ZCASH. The product charges a 2.5 percent annual fee and uses BitGo as custodian. CryptoSlate reported Zcash had already been trading around $1,540 before the listing, with interest in a separately launched Grayscale Zcash ETF cited as a driver.