The Korea Financial Services Commission has finalized the relevant guidelines, allowing listed companies and professional investors to trade cryptocurrencies, ending a nine-year ban on corporate trading. Eligible companies can invest up to 5% of their equity annually in the top 20 cryptocurrencies on major Korean exchanges, with the regulations expected to take effect by the end of the year. This move is part of the broader economic strategy of the Korean government, which also includes the recently approved spot cryptocurrency ETF.
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The Korea Financial Services Commission has finalized the relevant guidelines, allowing listed companies and professional investors to trade cryptocurrencies, ending a nine-year ban on corporate trading. Eligible companies can invest up to 5% of their equity annually in the top 20 cryptocurrencies on major Korean exchanges, with the regulations expected to take effect by the end of the year. This move is part of the broader economic strategy of the Korean government, which also includes the recently approved spot cryptocurrency ETF.