South Korea's leading banks are calling for the new government to relax the financial rules to expansion into crypto and non-banking sectors.

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Südkoreanische Banken fordern Lockerung der Finanzregulierungen für Expansion in Krypto- und Non-Banking-Sektoren Die führenden Banken Südkoreas drängen die kommende Regierung, die bestehenden Finanzregulierungen zu lockern. Diese Forderung zielt darauf ab, den Banken eine Expansion in den Bereich der Kryptowährungen sowie in die Non-Banking-Sektoren zu ermöglichen. In den letzten Jahren hat die Kryptowirtschaft weltweit an Bedeutung …
South Korean banks are calling for loosening of financial regulations for expansion into crypto and non-banking sectors The leading banks of South Korea are urging the upcoming government to loosen the existing financial regulations. This requirement aims to enable banks to expand into the area of ​​cryptocurrencies and in the non-banking sectors. In recent years, the crypto economy has become more important worldwide ... (Symbolbild/KNAT)

South Korean banks are calling for the financial regulations for expansion into crypto and non-banking sectors

The leading banks of South Korea are urging the upcoming government to loosen the existing financial regulations. This requirement aims to enable banks to expand into the area of ​​cryptocurrencies and in the non-banking sectors.

In recent years, the crypto economy has become more important worldwide, and many banks see a new way to diversify their business models in this area. The South Korean banks argue that deregulation is necessary to remain competitive in international competition and offer innovation -friendly services.

The banks hope that a revision of the financial regulations will enable them to react more flexibly to the fast -developing market landscape and to develop new financial products that meet the needs of consumers. Such a change in policy could also help promote the economic upswing of the country and attract more investments.

The discussion about regulation in the financial sector is a central topic that deals with many stakeholders in South Korea. While the banks advocate a market opening, there are concerns about the risks associated with the integration of cryptocurrencies and other non -traditional financial services. Therefore, it remains to be seen how the new government will react to the demands of the banks and what steps will be undertaken in the future in order to find a balance between innovation and security in the financial system.

Overall, the South Korean banks' push shows that the pressure to regulate financial markets and to create a favorable environment for new technologies and services is increasing. The coming months could be decisive for how the financial sector will develop in South Korea and what role cryptocurrencies will play in this context.