#South Korea allows corporations to invest in virtual assets.#
Hot Topic Overview
Overview
The Financial Services Commission of Korea announced that it will gradually allow legal entities to participate in virtual asset trading and plans to open real-name verification for corporate accounts in stages. This move reflects a shift in the Korean financial regulator's attitude towards the virtual asset industry, marking a further push for the development of the industry in Korea. The Financial Services Commission plans to start with non-profit legal entities and gradually develop specific implementation plans. It will also push for the "Virtual Asset Phase 2 Act," which will cover the regulation of virtual asset issuance and circulation, including listing standards, stablecoin management, and virtual asset exchange behavior rules, aligning with global regulatory frameworks.
Ace Hot Topic Analysis
Analysis
The Financial Services Commission of Korea has announced that it will gradually allow legal entities to participate in virtual asset trading and plans to open real-name verification for corporate accounts in stages. This move marks a significant step forward in Korea's virtual asset regulation. The FSC plans to start with non-profit legal entities and gradually develop specific implementation plans, ultimately achieving the legalization of legal entities participating in virtual asset trading. In addition, the FSC will also promote the "Virtual Asset Phase 2 Act," which covers the regulation of virtual asset issuance and circulation, including listing standards, stablecoin management, and virtual asset exchange behavior rules, and will align with global regulatory frameworks. These measures indicate that the Korean government is actively seeking to balance the development of virtual assets with risk control, creating a more regulated and transparent environment for the development of Korea's virtual asset market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
South Korea will gradually allow legal entities to invest in virtual assets and plans to open real-name verification for corporate accounts in stages.
The Financial Services Commission of Korea will gradually develop specific implementation plans through discussions with the Virtual Asset Committee, starting with non-profit legal entities.
South Korea will promote the "Virtual Asset Phase 2 Act", which covers the regulation of the issuance and circulation of virtual assets, including listing standards, stablecoin management, and virtual asset exchange behavior rules.
South Korea will align with global regulatory frameworks to ensure the healthy development of the virtual asset market.