South Korea gives nod to ‘crypto’; Upbit faces hefty fines
Institutional investors in South Korea can open accounts on digital asset exchanges starting in the second half of the year, the country’s financial watchdog has ruled.
The Financial Services Commission (FSC) has been mulling new regulations that allow institutions to hold digital assets since 2024. A month ago, the watchdog said it would need more time to consider the implications of the decision.
In its most recent meeting, the FSC launched a new roadmap that will gradually allow…
