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South Korea Delays Corporate Crypto Accounts: What It Means for Institutional Investors
South Korea Delays Corporate Crypto Accounts: What It Means for Institutional Investors
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South Korea’s regulatory approach to cryptocurrency continues to evolve, with authorities taking a cautious stance on corporate investments in digital assets. During the second Virtual Asset Committee meeting hosted by the Financial Services Commission (FSC) on January 15, the progress of new crypto investor protection laws was discussed. However, the decision on allowing corporate accounts for cryptocurrency trading was deferred for further review. The FSC emphasized ongoing efforts to refine policies related to corporate crypto trading accounts, although South Korea has not formally banned such accounts, banks have reportedly been discouraged from issuing them.
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