South Korea Set to Allow Corporate Investment in Cryptocurrencies

South Korea's Financial Services Commission is poised to permit firms to invest in major cryptocurrencies, lifting a long-standing ban from 2017.

The Financial Services Commission (FSC) of South Korea has allegedly revealed new regulations that will enable publicly listed companies to allocate up to 5% of their equity into the leading 20 cryptocurrencies. This significant policy shift marks the end of a prohibition that has been in place since 2017.

As South Korea continues to adapt to the evolving landscape of digital currencies, this development is expected to foster a more favorable environment for corporate involvement in the crypto market. The FSC's guidelines aim to provide a structured approach for businesses seeking to diversify their investment portfolios through cryptocurrency.