Golden Finance reports that South Korea’s Financial Services Commission (FSC) plans to allow public institutions such as universities to trade cryptocurrencies in 2025, and will eventually allow companies to open corporate crypto wallets. Several major universities have received cryptocurrency donations in recent years. But government guidelines currently prohibit them from selling cryptocurrencies for cash. Although there is no law explicitly prohibiting public institutions and companies from opening bank accounts linked to cryptocurrency wallets, regulators have told domestic banks not to accept applications from anyone other than private citizens. The FSC document purportedly outlines a “first phase” on the roadmap that will allow “central government departments, local government agencies, public institutions, other non-profit organizations and universities” to “trade” cryptocurrencies. Universities such as Seoul National University will be able to sell long-term endowment tokens such as WEMIX, and companies and banks may be allowed to participate in crypto transactions in subsequent stages, but listed companies may be restricted and can only hold crypto assets with a small amount of capital. Experts say they believe SNU currently holds about 800 million won ($566,000) worth of WEMIX.