South Korea Reportedly Ends Nine-Year Corporate Crypto Ban
Summary
South Korea's Financial Services Commission (FSC) has reportedly finalized guidelines that lift a nine-year prohibition on corporate cryptocurrency investment, permitting listed companies and professional investors to trade digital assets. Eligible corporations can invest up to 5% of their annual equity capital, targeting the top-20 cryptocurrencies by market cap on major domestic exchanges. This move aligns with the government's 2026 Economic Growth Strategy, which also includes stablecoin legislation and potential spot crypto ETF approvals. The previous ban, enacted in 2017 due to money laundering concerns, resulted in retail investors dominating nearly 100% of trading activity. While the industry welcomes the change, some criticize the 5% investment ceiling as overly conservative compared to global standards, warning it could hinder the growth of firms focused on digital asset treasury management. Final guidelines are expected in January or February, with corporate trading anticipated to begin by year-end.
(Source:BeInCrypto)