
Korea's FSC says rejection of Lucent Block's fractional-investment exchange license was fair
- —Lucent Block ran real-estate fractional-investment platform 'Soyu' with 500,000 users and 30 billion won invested
- —NXT Consortium and KDX received preliminary licenses; Lucent Block was excluded
- —Lawmaker Min Byung-duk flagged gaps in the sandbox-to-licensed transition process
- —FSC chief Lee Ok-won said the process was fair but shared regret over the startup's situation
Why it matters: The case sets a precedent for how Korean sandbox projects transition to regulated status, shaping the tokenized-asset market.
Source: Digital Today
More on this
Regulation · 14:06Lucent Block CEO: sandbox approval explicitly covers token 'distribution', rebutting regulator's issuance-only stance
Regulation · Sep 29Brazil's central bank rejects crypto license application for the first time
Regulation · Sep 30Greece denies Lagarde blocked Binance's MiCA license application