PANews reported on December 30 that according to the Financial Services Commission of South Korea, the decision on lifting the ban on corporate cryptocurrency investment will be postponed to the second Crypto Assets Committee meeting in January 2025. Previously, Kim So-young, vice chairman of the Financial Services Commission, said that the opening of corporate real-name accounts would be decided by the end of 2024, but due to delays in internal government deliberations, the plan was not completed as scheduled.
Industry insiders believe that allowing legal entities and institutional investors to participate in the cryptocurrency market will help improve market trust, stabilize prices and promote a healthy trading culture. However, the delay in policy decisions may weaken South Korea's competitiveness in the global crypto market, in contrast to the gradually improving legal entity crypto asset ecosystems in major countries such as the United States, Japan and the European Union.
