South Korea’s crypto market is changing, but here’s why not everyone is happy!
South Korea's Financial Services Commission (FSC) is set to lift a 2017 ban that prevented companies and institutional investors from trading cryptocurrencies. New guidelines, expected by February, will allow around 3,500 entities to invest in crypto for financial purposes. Corporations will be limited to investing up to 5% of their equity annually, restricted to the top 20 cryptocurrencies by market cap. While this aims to boost liquidity and stability, critics argue the strict cap may disadvantage Korean firms compared to more flexible markets like the U.S. and Japan. The status of dollar-pegged stablecoins remains under discussion.
ambcrypto01/13 05:01
