The Financial Services Commission, or FSC, of South Korea is reportedly planning to allow listed companies and professional investors to invest in cryptos. This could be done by lifting a years-long ban, with guidelines expected to be rolled out by the next month, that is, February 2026. Cryptos, or cryptocurrencies,
South Korea is set to relax its ban on investing in crypto by corporations and will therefore bring about a significant change in policy that will help open up the market for digital assets to new institutions. The Financial Services Commission has been seen to have updated the guidelines to
A major hurdle has been thrown in South Korea’s quest to give its digital assets regulatory oversight, as ministers are yet to agree on how to deal with stablecoins, delaying the proposed crypto legislation into next year. According to Yonhap News Agency, there have been hold-ups in the progress of
The Financial Services Commission of South Korea will make it compulsory for non-profit organizations and crypto exchanges to comply with a firm customer verification process from June. The official release of FSC states that these bodies will be permitted to sell virtual assets under new laws. Nonprofits are permitted to
Crypto community members have been watching the dispute between Justin Sun and Hong Kong financial institution, FDT. On the other hand, market prices have shown minimum movements in the last 24 hours. A recent report of surging crypto crimes have unsettled waves in the community. On turning to the regulatory
The Financial Services Commission in South Korea plans to enable fund sales from digital asset donations in 2025. Operations such as charities, universities, and cryptocurrency exchanges receive the capability to convert their donated crypto assets into cash. The regulator also seeks to launch a pilot program on corporate crypto trading.
South Korea Financial Services Commission (FSC) has taken a cautious approach to enabling corporate cryptocurrency trading accounts, deferring a decision for further discussion. The stance was outlined during the second Virtual Asset Committee meeting on January 15, as reported by the Korea Times. FSC Vice Chairman Kim So-young stated that
South Korea’s Financial Services Commission (FSC) has rejected plans to create a national Bitcoin reserve. The decision comes as U.S. President-elect Donald Trump pushes pro-crypto policies. FSC Chairman Kim Byung-hwan expressed caution, prioritizing investor protection over rapid adoption. 📢JUST IN: SOUTH KOREA'S FINANCIAL SERVICES COMMISSION (FSC) DROPS PLANS TO ESTABLISH
Taiwan’s Financial Supervisory Commission (FSC) plans to trail the custody services of open digital assets. Three domestic banks have taken the initiative to participate in the trial program, which is set to kick off in the first quarter of 2025. These banks are expected to provide storage solutions for the
Taiwan’s Financial Supervisory Commission (FSC) has unveiled a comprehensive set of anti-money laundering (AML) rules. These rules specifically target cryptocurrency firms and are set to be enforced by 2025. The new regulations aim to bring order to the growing digital asset market. They require virtual asset service providers (VASPs) to
