South Korea to Lift Ban on Institutional Crypto Trading
- South Korea’s Financial Services Commission (SFC) plans to lift a ban on institutional crypto trading.
- The ban was initially implemented in 2017 to prevent speculation and money laundering.
- Non-profit organizations will be allowed to sell virtual assets by the first half of the year.
- Listed companies and professional investors can trade crypto by the second half of the year.
- The Virtual Asset User Protection Act has established a foundation for user protection.
The SFC announced plans to lift the ban on institutional crypto trading, allowing non-profits to sell virtual assets by mid-year and listed companies by year-end. This follows the implementation of the Virtual Asset User Protection Act, ensuring user protection.
Source (2.6)https://www.coindesk.com/policy/2025/02/13/south-korea-to-start-lifting-ban-on-corporations-trading-crypto?rand=52298
