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South Korea to Lift Corporate #Crypto Ban, Sets 5% Investment Cap for Listed Firms
South Korea is reportedly ending its 9-year ban on corporate #crypto investment. The nation is coming up with new guidelines that permit listed companies and professional investors to trade crypto. Per a local media report, the ‘Virtual Currency #Trading Guidelines for Listed Corporations’ allows companies to trade crypto. If implemented, corporate participants can invest up to 5% of their equity capital in top 20 cryptos by market cap on South Korea’s five #major exchanges. The #move marks the third and final phase of the Financial Services Commission (FSC) plan in granting corporations access to #crypto trading. The regulator rolled out the three-phase [.]
#crypto