Chairman of the Korean Gold Council: Will accelerate the legislative process to allow companies to invest in cryptocurrencies and stablecoins

Odaily Planet Daily News: Kim Byung hwan, Chairman of the Financial Services Commission (FSC) of South Korea, stated that he plans to announce his stance on allowing companies to invest in virtual assets (cryptocurrencies) as soon as possible, while also accelerating preparations for a stablecoin regulatory system and second phase legislation. When asked if the stance of domestic authorities on virtual assets would change with the Trump administration, Kim Byung hwan said, "People have always been concerned about seeking a balance between promoting the development of the virtual asset industry and protecting investors. Currently, we are more focused on investor protection However, there are reports that it is closely monitoring the Trump administration's stance on virtual assets. He said, "Given these commitments, we are likely to take a more proactive stance (on virtual assets) In addition, currently in South Korea, companies are unable to open real name accounts related to virtual asset exchanges, and therefore cannot invest in virtual assets. Therefore, the authorities plan to gradually allow corporate accounts. Jin Binghuan said, "The issue of company accounts was discussed by the previous committee, so I will make a decision as soon as possible and tell you my position Regarding the issue of sanctions against Upbit, he explained, "Yesterday (21st), a sanctions review was conducted for the first time. We will have a rigorous discussion and the results will be announced at that time. I cannot comment on the extent of the sanctions." However, he stated that he will consider the potential impact on Upbit users. （News1）