South Korea Looks to Allow Institutional Crypto Trading This Year
South Korea is planning to remove its ban on institutional crypto trading, potentially at some point this year.
According to local media, the nation’s financial regulator, the Financial Services Commission (FSC), has announced plans to gradually permit institutional access to local crypto exchanges, beginning with non-profit organizations.
Until this point, South Korean banking guidelines have dictated that crypto trading has been limited to retail investors with verified accounts, essentially blocking institutional traders.
The move builds on the foundations of the Virtual Asset User Protection Act, enacted in July 2024 which introduced measures to safeguard investors such as including mandatory cold wallet reserves for exchanges,…
