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South Korea’s crypto market poised for change with new institutional guidelines – TON BOT

South Korea’s crypto market poised for change with new institutional guidelines

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South Korea is planning to relax crypto trading restrictions for institutional investors, starting with allowing non-profit organizations to participate. The Financial Services Commission aims to align with global regulations by introducing new guidelines on crypto listing, stablecoins, and operational conduct. The government also plans to revise the Special Financial Transactions Act to assess the eligibility of crypto exchange shareholders. This move is part of broader efforts to develop South Korea’s crypto industry, including the potential introduction of spot-based crypto exchange-traded funds.

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