South Korea delays corporate cryptocurrency investment resolution
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2025-01-15 17:02 6,581
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Golden Finance reported that South Korea’s Financial Services Commission (FSC) held its second virtual assets committee meeting on January 15 and suspended a decision on corporate cryptocurrency trading accounts. FSC Vice Chairman Kim So-young said the related policy review is nearing completion after 12 subcommittee and working group discussions.
The meeting focused on the second phase of implementation of the Cryptocurrency Investor Protection Law, which involves regulatory requirements for the issuance, distribution and information disclosure of crypto assets. It also plans to develop a special regulatory framework for stablecoin transactions. South Korea plans to gradually liberalize corporate cryptocurrency investment in 2025, but regulators are actually still instructing banks not to issue relevant trading accounts to companies.