South Korea's Financial Services Commission (FSC) held its second virtual asset committee meeting on January 15, suspending a decision on corporate cryptocurrency trading accounts. Kim So-young, vice chairperson of the FSC, said that after 12 subcommittee and working group discussions, the relevant policy review is nearing completion.
The meeting focused on the implementation of the second phase of the Cryptocurrency Investor Protection Law, which involves regulatory requirements such as issuance, distribution, and information disclosure of crypto assets, and plans to develop a special regulatory framework for stablecoin transactions. South Korea plans to gradually liberalize corporate cryptocurrency investment in 2025, and regulators are still effectively instructing banks not to issue relevant trading accounts to companies.
South Korea delays decision on corporate cryptocurrency investment
2025-01-15 08:49:28
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