• Kim Sung-jin (head of the Financial Services Commission) clarified that there’s no objection to overseas firms opening crypto accounts if they are properly registered as professional investors in South Korea
• At the start of June, nonprofits and universities were already allowed to convert crypto donations under strict compliance and AML (Anti-Money Laundering) and KYC (Know Your Customer) rules
• A few months ago, it was reported that over 16 million South Koreans (roughly 32% of the population) hold crypto accounts across exchanges

South Korea’s Financial Services Commission (FSC) will roll out a two-phase regulatory framework in the latter half of 2025 that expands crypto market eligibility to corporations and professional investors in the digital asset market.

Kim Sung-jin (head of the FSC) clarified that while the initial regulatory framework primarily addressed domestic companies and didn’t specifically cover foreign entities, there’s no objection to overseas firms opening crypto accounts if they are properly registered as professional investors in South Korea.

He also noted that nonprofits and universities were already allowed to convert crypto don…

The post South Korea Greenlights Expanded Crypto Access for Professional Investors appeared first on Coin Edition.

• Kim Sung-jin (head of the Financial Services Commission) clarified that there’s no objection to overseas firms opening crypto accounts if they are properly registered as professional investors in South Korea
• At the start of June, nonprofits and universities were already allowed to convert crypto donations under strict compliance and AML (Anti-Money Laundering) and KYC (Know Your Customer) rules
• A few months ago, it was reported that over 16 million South Koreans (roughly 32% of the population) hold crypto accounts across exchanges

South Korea’s Financial Services Commission (FSC) will roll out a two-phase regulatory framework in the latter half of 2025 that expands crypto market eligibility to corporations and professional investors in the digital asset market.

Kim Sung-jin (head of the FSC) clarified that while the initial regulatory framework primarily addressed domestic companies and didn’t specifically cover foreign entities, there’s no objection to overseas firms opening crypto accounts if they are properly registered as professional investors in South Korea.

He also noted that nonprofits and universities were already allowed to convert crypto don…

The post South Korea Greenlights Expanded Crypto Access for Professional Investors appeared first on Coin Edition.