tldr; South Korea’s Financial Services Commission (FSC) is drafting guidelines to allow listed firms and professional investors to trade cryptocurrencies again, capped at 5% of equity and limited to the top 20 tokens by market capitalization. This marks a shift from the 2017 crackdown on crypto speculation, which restricted corporate participation. The guidelines aim to enable direct balance-sheet positions in crypto under bank and exchange controls, with the change expected to take effect later in 2026.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Sweet now they can get some Algorand
tldr; South Korea’s Financial Services Commission (FSC) is drafting guidelines to allow listed firms and professional investors to trade cryptocurrencies again, capped at 5% of equity and limited to the top 20 tokens by market capitalization. This marks a shift from the 2017 crackdown on crypto speculation, which restricted corporate participation. The guidelines aim to enable direct balance-sheet positions in crypto under bank and exchange controls, with the change expected to take effect later in 2026.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.