🚨Breaking News: South Korea Plans to Lift Ban on Corporate Cryptocurrency Investments, Allowing Listed Companies to Invest in Cryptocurrencies
This is the first relaxation of restrictions since the 2017 ban on corporate investments in cryptocurrencies, marking a 9-year gap. Qualified listed companies and professional institutional investors are allowed to invest up to 5% of their net assets annually in the top 20 cryptocurrencies by market capitalization on South Korea's five major exchanges.
Currently, discussions are ongoing regarding whether USD-pegged stablecoins like USDT qualify for investment.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🚨Breaking News: South Korea Plans to Lift Ban on Corporate Cryptocurrency Investments, Allowing Listed Companies to Invest in Cryptocurrencies
This is the first relaxation of restrictions since the 2017 ban on corporate investments in cryptocurrencies, marking a 9-year gap. Qualified listed companies and professional institutional investors are allowed to invest up to 5% of their net assets annually in the top 20 cryptocurrencies by market capitalization on South Korea's five major exchanges.
Currently, discussions are ongoing regarding whether USD-pegged stablecoins like USDT qualify for investment.