South Korea Eases Crypto Rules, Opens Doors for Corporations
South Korea is reportedly planning to gradually lift its ban on corporate investment in virtual assets starting this year.
Yonhap News disclosed the developments on January 8, citing the country’s financial regulator, the Financial Services Commission (FSC).
Institutional Crypto Investment Coming to South Korea
The FSC has reportedly outlined a strategy to open up the virtual asset space to institutional investors. The move is expected to create a more regulated and stable environment for crypto investors, both retail and institutional, in the country.
Currently, South Korean regulations restrict the issuance of real-name accounts to corporations. The restriction was despite the absence of any legal barrier to…
