tldr; South Korea’s Financial Services Commission (FSC) is drafting guidelines to allow listed firms and professional investors to trade cryptocurrencies again, capped at 5% of equity and limited to the top 20 tokens by market capitalization. This marks a shift from the 2017 crackdown on crypto speculation, which restricted corporate participation. The guidelines aim to enable direct balance-sheet positions in crypto under bank and exchange controls, with the change expected to take effect later in 2026.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
pklo0 on
Wow, even more exposure for Monero. This is great 😀
3 Comments
Sweet now they can get some Algorand
tldr; South Korea’s Financial Services Commission (FSC) is drafting guidelines to allow listed firms and professional investors to trade cryptocurrencies again, capped at 5% of equity and limited to the top 20 tokens by market capitalization. This marks a shift from the 2017 crackdown on crypto speculation, which restricted corporate participation. The guidelines aim to enable direct balance-sheet positions in crypto under bank and exchange controls, with the change expected to take effect later in 2026.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Wow, even more exposure for Monero. This is great 😀