South Korea Suggests 5% Cap on Crypto Investments for Listed Companies

South Korea is looking to implement a 5% investment limit for publicly listed companies in cryptocurrency, focusing on the top 20 by market cap.

In a significant move for the cryptocurrency landscape, South Korea has put forth a proposal aimed at limiting the exposure of publicly listed companies to digital assets. The guidelines suggest that eligible firms should be allowed to invest a maximum of 5% of their total assets in cryptocurrencies.

This investment strategy would specifically target the leading 20 cryptocurrencies based on market capitalization, ensuring that companies align their investments with the most stable and widely recognized digital currencies. This initiative reflects South Korea's ongoing efforts to regulate the burgeoning crypto market while allowing businesses to explore new opportunities in this innovative financial sector.