Restrictions Are Expected to Be Lifted; South Korea Plans to Allow Financial Institutions to Hold Equity in Crypto Companies
Svmuu News: Kim Seong-jin, Director of the Virtual Assets Division at South Korea’s Financial Services Commission, stated during a National Assembly session that the government is simultaneously advancing legislation related to stablecoins—specifically, the second phase of the Framework Act on Digital Assets—and facilitating the entry of institutional investors into the market. The Financial Services Commission has pledged to finalize digital asset legislation by the end of the year. If institutional participation is realized, the nine-year-old ban on financial companies holding equity in cryptocurrency firms is expected to be lifted this year, allowing financial institutions such as banks and securities firms to participate in virtual asset investments. Kim Seong-jin also noted that the government is studying the introduction of stock-market-style institutional brokers and over-the-counter (OTC) trading intermediaries for the virtual asset market. At the same time, drawing on the European Union’s approach, the government plans to simplify entry requirements for financial institutions entering the virtual asset sector in business areas with similar functions.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
"BCG Coin" Multidimensional Analysis: From Gold and Carbon Credits to Gaming Tokens, How Does Boston Consulting Group View Digital Assets?
-
2
Analysts Predict Amazon Stock Could Double to $50,000 by 2030
-
3
Yemeni government forces claim to have launched airstrikes near Mocha targeting Houthi members and vehicles, following the Houthis' complete control of the Bab al-Mandab Strait.
-
4
Citi Research Report: Current macro environment shows increased similarity to the 1988-1989 Federal Reserve tightening cycle; models increase exposure to risk assets and favor the US dollar.
-
5
Coinbase states Solana network experiencing send delays
-
6
Lotte Group and KAIST open joint R&D center to boost next-generation technology capabilities
-
7
Spain's Parliament approves bill offering special citizenship pathway for specific Sahrawis, reducing residency requirement to 2 years.
-
8
PwC Adjusts India Operations, Forms Joint Venture with US Division to Counter AI Threat
-
9
South Korea nears announcement of first US investment project, with briefing to lawmakers set for Sept. 17
-
10
Hyundai's 42dot plans to deploy its Atria AI autonomous driving fleet by 2029, aiming to close the technology gap with Tesla and Waymo.
Markets Today
Recommended Reading



