South Korea is advancing a plan that could lift a nine-year ban on financial companies holding equity in crypto enterprises this year. According to NS3.AI, Financial Services Commission official Kim Sung-jin said stablecoin legislation and institutional investor entry are moving forward together.
The authorities are also studying institutional brokerages and over-the-counter trading mechanisms for the virtual asset market. The measures are part of a broader effort to expand institutional participation and develop market infrastructure.
SOUTH KOREA ADVANCES PLAN TO EASE NINE-YEAR BAN ON FINANCIAL FIRMS HOLDING CRYPTO EQUITY
2026-07-23 06:43:36
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