South Korea has lifted the seven-year ban on institutional investments in cryptocurrencies. The country's Financial Services Commission (FSC) now allows registered institutional companies to open accounts on cryptocurrency exchanges and participate in virtual asset trading. This decision is made in response to the growing global interest in cryptocurrencies. As part of the new rules, standards for cryptocurrency listings will also be developed, and the regulations for virtual assets will be clarified to increase transparency and protect investors.
2/17/2025 8:47:27 AM (GMT+1)
South Korea lifts ban on institutional investments in cryptocurrencies: FSC allows companies to open accounts on crypto exchanges and participate in the virtual asset market
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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