Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

South Korea Reopens the Corporate Door to Crypto After Nine Years

23d ago
bullish:

0

bearish:

0

Share
img
  • South Korea allows companies to invest up to 5% in crypto.
  • Only the top 20 cryptocurrencies on major exchanges qualify.
  • South Korea studies ETF law changes as spot crypto ETF talks return

South Korea is reopening the doors to corporate cryptocurrency investing after nearly a decade of tight restrictions, a shift that could redraw the country’s digital asset landscape and pull institutional money into a market long dominated by individual traders.

Regulators have formally lifted a 2017 ban, allowing listed companies and professional investors to hold cryptocurrencies subject to clearly defined limits. 

Caps, Safeguards, and Asset Limits

Under the new rules, firms may allocate up to 5% of their equity capital to digital assets, with investments restricted to the top 20 cryptocurrencies by market capitalization listed on South Korea’s five major exchanges. R…

Read The Full Article South Korea Reopens the Corporate Door to Crypto After Nine Years On Coin Edition.

23d ago
bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.