The changes align with global trends favouring greater institutional participation in the crypto market.
South Korea’s financial regulator is set to release new guidelines for institutional cryptocurrency investment by the third quarter.
The Financial Services Commission (FSC) confirmed the plan during a meeting with industry experts, marking a significant shift in its approach to digital assets.
Guidelines for non-profits and crypto exchanges are expected as early as April, with broader rules for public companies and professional investors following later.
The FSC had previously hinted at loosening restrictions, beginning with plans to allow charities and universities to sell their crypto holdings in the second quarter.
However, this move signals a departure from South Korea’s previous hardline stance on crypto investment,…
