South Korea to allow institutional investors to trade crypto: report
South Korea considers easing restrictions on corporate crypto trading, with plans to gradually issue real-name accounts to institutional investors.
South Korea is set to allow corporations to invest in cryptocurrencies as the Financial Services Commission is considering a gradual approach to lifting restrictions, Yonhap News Agency reports, citing the regulator. Under the plan, companies will be able to open real-name accounts on crypto exchanges, starting with non-profit organizations.
As of press time, South Korea’s crypto laws only allow retail investors with verified real-name accounts to trade. While there is no official ban on institutional investors, banks have been advised not to issue real-name accounts to…
