South Korea Opens Crypto Market to Corporations, But Financial Firms Left Out
South Korea’s financial regulator is making strides in its approach to cryptocurrency by allowing certain organizations and corporations to open bank accounts for crypto transactions, according to latest report.
This move, which comes as part of the Financial Services Commission’s (FSC) broader effort to align with global standards, marks a significant policy shift that opens new possibilities for corporate participation in the virtual asset market.
While the nation’s financial companies remain barred from trading in crypto, the new measures pave the way for other entities—including law enforcement agencies, universities, and listed firms—to legally transact in digital assets.
