The South Korean legal system has cleared HSBC Holdings Plc. of all charges related to illegal short selling, in a move that exemplifies the government's commitment to combat stock trading abuses. This ruling is the first South Korean legal action against a foreign bank and reaffirms South Korea's willingness to liberalize its market regulations. Meanwhile, South Korea is also strengthening its regulation of the cryptocurrency trading sector, with plans to remove the ban on short selling and impose stricter regulations. Additionally, the country has once again postponed the implementation of its crypto tax, which was initially planned for 2022. These delays are attributed to investor pushback and political divisions, as well as the focus on martial law declaration rather than financial and legislative reforms.



Other News from Today