South Korea's financial regulator announced Wednesday that it plans to release comprehensive guidelines for institutional cryptocurrency investments in the third quarter. The Financial Services Commission made the announcement during a meeting with local crypto industry experts. While the investment guidelines for listed companies and professional investors are expected to be available in the third quarter, the Financial Services Commission said it aims to bring forward the investment guidelines for non-profit organizations and cryptocurrency exchanges in April.
The Financial Services Commission first announced in January that it would gradually lift a de facto ban on institutional investors investing in cryptocurrencies. Last month, the regulator revealed that it intends to first allow charities and universities to sell their cryptocurrency assets in the second quarter. The forthcoming release of detailed guidance further solidifies South Korea's shift in its stance on cryptocurrencies and is no longer strictly opposed to the entry of cryptoassets into traditional financial marekts.
South Korea plans to issue new guidelines in Q3 to lift the ban on institutional investment in cryptocurrencies
2025-03-12 09:32:47
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