South Korea’s crypto market is changing, but here’s why not everyone is happy!
For nine years, South Korea’s crypto market has been mostly driven by retail traders, with large companies kept on the sidelines.
That is now set to change.
According to reports from the Seoul Economic Daily, the Financial Services Commission (FSC) has finalized plans to lift the 2017 ban that stopped companies and professional investors from investing in crypto. A formal set of guidelines is expected by February.
This move is evidence that South Korea is changing its approach and wants to bring digital assets into the mainstream financial system.
South Korea’s crypto shift
If implemented, the decision will unlock large amounts of institutional capital that regulators have kept out of the crypto market for nearly a…
