South Korea lifts nine-year ban on corporate cryptocurrency, allowing listed companies to invest in cryptocurrency assets

The Financial Services Commission of South Korea has established guidelines allowing listed companies and professional investors to trade cryptocurrencies, ending a nine-year ban. The new regulations allow eligible legal entities to invest up to 5% of their net assets annually in the top 20 cryptocurrencies by market capitalization on the five major exchanges in South Korea. Approximately 3500 entities, including listed companies and registered professional investment institutions, will be granted market access. Regulatory authorities require exchanges to implement staggered execution and order size restrictions, and the eligibility of US dollar stablecoins such as USDT for investment is still under discussion.