Catenaa, Saturday, February 15, 2025 – South Korea financial regulator will roll out a phased plan allowing corporations to trade cryptocurrencies, marking a significant regulatory shift aimed at balancing innovation with financial safeguards.
The Financial Services Commission (FSC) announced the initiative following a Virtual Asset Committee meeting Wednesday, detailing a gradual integration of businesses into the digital asset market. The first phase, effective in early 2025, will grant law enforcement agencies, tax authorities, and non-profits limited access to real-name crypto accounts. Exchanges will also be permitted to convert fee revenue into fiat currency but face restrictions on asset sales to prevent market manipulation.
In the second phase, beginning in the latter half of 2025, professional investment firms, including publicly traded companies and certified investment entities, will gain access to crypto trading. These firms must meet strict anti-money laundering (AML) requirements and undergo bank and exchange screenings.
The final phase, allowing general corporations to enter the crypto market, remains under review, contingent on additional regulations surrounding stablecoins and foreign exchange monitoring. FSC Vice Chairwoman Kim So-young emphasized the government’s commitment to expediting legislative amendments to support broader corporate adoption of digital assets.
