South Korea opens the door to corporate crypto but tightens the rules for exchanges
South Korean regulators are considering allowing listed companies and professional investment firms to invest as much as 10% of their equity capital in crypto, potentially doubling the previous limit of 5%.
The end of the nine-year ban of corporate crypto investment was announced on January 11 but excitement was short lived as industry players expressed disappointment in the allocation limit.
South Korean corporate crypto adviser Rich O told Cryptopolitan that while the move is seen as an improvement, he believes the cap would restrict corporate participation.
He said a 5% cap is impractical since price volatility and integrated cash and crypto accounting could push firms, unintentionally, over the limit.
“If the price of…
