Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
South Korea makes progress on corporate crypto investment approval

South Korea makes progress on corporate crypto investment approval

GrafaGrafa2025/01/09 04:50
By:Mahathir Bayena

South Korean regulators are moving forward with plans to allow institutional investors to trade cryptocurrencies, according to recent reports.

The Financial Services Commission (FSC) is preparing to gradually permit corporate investments in digital assets by issuing real-name corporate trading accounts.

This initiative was revealed as part of the FSC’s 2025 work plan, which aims to focus on financial stability and accelerate innovation.

Although there are no legal restrictions on issuing real-name accounts for corporations, local banks have been guided by regulators to avoid issuing them, according to the Yonhap news agency.

The FSC is set to review the gradual rollout of corporate crypto investments with the Virtual Asset Committee, which held its first meeting in November 2024.

However, no clear timeline has been provided for when the discussions or approval process will take place.

“There are many issues in the market at the moment, so we are coordinating the timing of the committee meeting and the topics of discussion, so it is difficult to give a definitive answer on the specific timing and content,” A source close to the FSC’s crypto division stated.

These developments come amid ongoing debates in South Korea regarding the approval of corporate crypto investments.

In December 2024, the FSC denied reports that it would publish a roadmap for allowing corporate crypto accounts by the end of the year, clarifying that specific measures were still under review.

FSC Secretary-General Kwon Dae-young also stressed the importance of aligning South Korea’s crypto frameworks with global regulations.

“We need to discuss how to create listing standards, what to do with stablecoins, and how to create rules of conduct for virtual asset exchanges,” he said. 

The push for regulatory clarity on corporate crypto investments comes amid ongoing political turmoil, as South Korea grapples with the fallout from President Yoon Suk Yeol’s controversial martial law declaration in December 2024.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SEC Commissioner Slams Ripple Settlement as Legal Battle Nears End

A senior U.S. Securities and Exchange Commission (SEC) official has criticized a proposed settlement between the agency and Ripple Labs, potentially marking the final chapter of a years-long legal dispute over the XRP token.

DeFi Planet2025/05/10 04:55
SEC Commissioner Slams Ripple Settlement as Legal Battle Nears End

Zerebro Developer Reported Alive Days After Alleged On-Camera Suicide

The mysterious case of Zerebro’s 22-year-old developer, who appeared to shoot himself during a livestream on May 4, took a dramatic turn after he was reportedly seen alive outside his family home in San Francisco.

DeFi Planet2025/05/10 04:55
Zerebro Developer Reported Alive Days After Alleged On-Camera Suicide

AI DApps Surge in Activity, Poised to Rival Gaming and DeFi in Web3 Dominance

Artificial Intelligence-powered decentralized applications (DApps) are rapidly gaining ground in the Web3 ecosystem. They may soon challenge the dominance of Gaming and Decentralized Finance (DeFi), according to fresh insights from blockchain analytics firm DappRadar.

DeFi Planet2025/05/10 04:55
AI DApps Surge in Activity, Poised to Rival Gaming and DeFi in Web3 Dominance