South Korea Will Allow Corporate Crypto Investment After 9 Years

South Korea's Financial Services Commission (FSC) is reportedly finalizing guidelines to permit corporate investment in digital assets, overturning a ban that began in 2017 due to money laundering concerns. Listed companies and professional investors will be allowed to allocate up to 5% of their equity capital into crypto assets, with final guidelines expected in January or February. However, investments will be restricted to the top 20 cryptocurrencies by market capitalization and must be traded on South Korea's five largest regulated exchanges. The inclusion of stablecoins like USDT is still under discussion. This policy shift is anticipated to inject significant capital into the crypto markets, potentially boosting local crypto companies and accelerating the launch of spot Bitcoin ETFs. Furthermore, this move aligns with the government's broader digital currency strategy, which aims to execute 25% of national treasury funds via a Central Bank Digital Currency (CBDC) by 2030 and introduce licensing for stablecoin issuers.

(Source：Cointelegraph)