South Korea is lifting its ban on cryptocurrency investments.
Since 2017, companies have been prohibited from investing in crypto assets, but now they will be allowed to invest up to 5% of their capital in assets such as BTC and ETH. This decision is expected to be approved in the coming months. The regulator hopes that attracting corporate investment will make the market more mature and conducive to long-term investments.
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South Korea is lifting its ban on cryptocurrency investments.
Since 2017, companies have been prohibited from investing in crypto assets, but now they will be allowed to invest up to 5% of their capital in assets such as BTC and ETH. This decision is expected to be approved in the coming months. The regulator hopes that attracting corporate investment will make the market more mature and conducive to long-term investments.
What do you think about this? Write comments under this post.