Samsung Securities is one of the seven largest securities firms in South Korea. It has filed for government approval to build the Virtual Assets exchange, according to a report in South Korean publication Newspim. The company aims to create a company to open a trading platform in the first half of next year. As Newspim reports
According to local news reports, Samsung Securities has been studying ways to develop and operate a stock trading platform. But it failed to recruit the necessary personnel to run last year by Mirae Asset Consulting, a subsidiary of Mirae Asset Securities, South Korea’s largest investment banking and brokerage by market capitalization. It is hiring personnel for research and development.
The report also mentions NH Investment & Securities, KB Securities and Shinhan Financial Investment KB Bank, which announced earlier this year that they were preparing to launch South Korea’s first crypto investment product. for retail investors
The creation of the Virtual Assets exchange could be facilitated by the regulatory liberalization set up by Yoon Seok-yeol’s government, which took office in March. The push for securities firms to create the exchange coincides with the preparations for the passage of the Digital Asset Framework Act. This covers both securities tokens and non-securities tokens. and determine that the virtual assets in the country in what category
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