South Korea To Ease Crypto Rules On Cooperate Investment
Recent reports revealed that South Korea is set to ease its restrictions on institutional crypto investment. Secretary-General of South Korea’s Financial Services Commission (FSC) announced the watchdog’s plan to review its restrictions amid the ongoing changes in South Korea’s regulatory approach.
FSC Planning To Ease Restrictions
On Wednesday, Yonhap News Agency reported that FSC’s Secretary-General Kwon Dae-young announced legal entities will be allowed to invest in cryptocurrencies starting this year. Kwon stated that the regulatory agency plans to relax its restrictions on institutional crypto trading and investment to “strengthen collaboration between financial institutions and fintechs.”
According to the…
