South Korea to gradually permit corporate crypto trading amid market reform

South Korea’s Financial Services Commission (FSC) announced plans to gradually unfastened the crypto marketplace to corporations, marking a displacement from a long-standing prohibition connected organization trading.

The policy, outlined during the 3rd gathering of the Virtual Asset Committee, volition let prime entities to commercialized integer assets nether a phased attack opening this year.

Phased approach

The FSC volition archetypal licence authorities agencies, non-profit organizations, and crypto exchanges to behaviour crypto income for liquidation purposes successful the archetypal fractional of 2025.

By the 2nd half, astir 3,500 registered nonrecreational concern firms and publically traded companies volition beryllium allowed to enactment successful crypto trading done a aviator program.

Corporate trading of integer assets has been mostly restricted since 2017 owed to concerns implicit marketplace speculation and wealth laundering risks. However, the enactment of the Virtual Asset User Protection Act successful July 2024 provided a regulatory framework for expanding access.

The FSC cited expanding request from home businesses for blockchain-related ventures and noted that large economies already let organization information successful crypto markets.

To mitigate risks, the FSC volition present stronger anti-money laundering measures, autarkic custody requirements, and mandatory disclosures. Banks and exchanges volition measure firm applicants earlier granting accounts, ensuring compliance with fiscal regulations.

Tighter oversight

The committee besides discussed concerns implicit the accelerated listing of caller cryptocurrencies connected home exchanges, which has contributed to terms volatility. The FSC plans to present stricter listing criteria and transparency measures to forestall marketplace manipulation.

In summation to the crypto argumentation shift, the gathering reviewed legislative efforts to modulate tokenized securities nether South Korea’s Capital Markets Act.

Lawmakers are considering amendments to legally admit distributed ledger-based fiscal instruments, a determination that could further integrate blockchain exertion into the country’s fiscal system.

The FSC volition enactment with fiscal regulators, banking associations, and crypto exchanges to finalize implementation details. While this roadmap signals a large argumentation shift, broader firm information successful crypto markets volition beryllium connected further regulatory evaluations and marketplace conditions.

The station South Korea to gradually licence firm crypto trading amid marketplace reform appeared archetypal connected CryptoSlate.