South Korea’s crypto market poised for change with new institutional guidelines
South Korea is reportedly preparing to relax its restrictions on crypto trading for institutional investors, signaling a significant shift in the country’s approach to digital asset regulation.
Local media outlet Yonhap reported on Jan. 8 that the country’s Financial Services Commission (FSC) will introduce phased regulatory changes to enable institutions to participate in crypto trading.
Currently, South Korea’s regulations limit crypto trading to verified retail investors. Although institutional investors are not outrightly banned, banks are restricted from opening crypto trading accounts for them. This exclusion has long hindered their participation in the digital asset market.
However, the FSC plans to collaborate with the…
