Odaily News South Korea’s Financial Services Commission (FSC) announced on Wednesday that it plans to release comprehensive guidelines for institutional crypto investments in the third quarter of this year, providing a clear compliance framework for listed companies and professional investors.
Meanwhile, investment guidelines for non-profit organizations and crypto exchanges are expected to be released ahead of schedule in April, as the FSC aims to gradually relax restrictions on institutional investors entering the crypto market.
In January this year, the FSC first confirmed that it would gradually lift the de facto ban on institutional investment in cryptocurrencies, and said last month that it would take the lead in allowing charities and universities to sell their crypto assets in the second quarter. The advancement of the new regulations marks a change in South Korea's attitude towards crypto assets, gradually promoting its entry into traditional financial markets.