South Korea Lifts Corporate Crypto Investment Ban, Allows 5% Capital Allocation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Regulatory Policy Shift: The Financial Services Commission of South Korea has lifted the corporate crypto investment ban imposed in 2017, allowing listed companies to allocate up to 5% of their capital to the top 20 cryptocurrencies, thereby opening new investment opportunities and enhancing market activity.
- Market Potential Unleashed: Approximately 3,500 companies and investors can now channel trillions of won into the crypto market, which could significantly boost the local crypto industry and reverse the capital outflows caused by the previous ban.
- Innovation Catalyst: This policy adjustment is seen as a strategic move for South Korea to reposition itself in the global crypto…
