South Korea Issues New Crypto-Friendly Guidelines: Analysts Suspect Political Motivation
- South Korea issues new crypto guidelines a few weeks before election.
- Non-profit corporations and exchanges can now sell crypto in South Korea.
- Analysts think political interests are behind the new crypto guidelines.
The South Korean Financial Services Commission has enacted a new set of guidelines, allowing the Asian country’s citizens to engage in cryptocurrency transactions. The latest development marks a landmark decision, setting June 2025 as the date when the new rules will kick in.
According to reports, the Commission will allow non-profit corporations and virtual asset exchanges to sell digital assets. However, exchanges must structure their trading processes to minimize market impact when selling.
In the meantime, the Commission will create a “Donation Review Committee” charged with supervising external audit corporations engaging in digital asset transactions.
Background and Audit Firm Rules
The Korean regulators finalized the new guidelines during the 4th Virtual Asset Committee session at the government complex in Seoul.
The decision is a follow-up measure to the ‘Roadmap for Corporations’ participating in the virtual asset…
The post South Korea Issues New Crypto-Friendly Guidelines: Analysts Suspect Political Motivation appeared first on Coin Edition.
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South Korea Issues New Crypto-Friendly Guidelines: Analysts Suspect Political Motivation
- South Korea issues new crypto guidelines a few weeks before election.
- Non-profit corporations and exchanges can now sell crypto in South Korea.
- Analysts think political interests are behind the new crypto guidelines.
The South Korean Financial Services Commission has enacted a new set of guidelines, allowing the Asian country’s citizens to engage in cryptocurrency transactions. The latest development marks a landmark decision, setting June 2025 as the date when the new rules will kick in.
According to reports, the Commission will allow non-profit corporations and virtual asset exchanges to sell digital assets. However, exchanges must structure their trading processes to minimize market impact when selling.
In the meantime, the Commission will create a “Donation Review Committee” charged with supervising external audit corporations engaging in digital asset transactions.
Background and Audit Firm Rules
The Korean regulators finalized the new guidelines during the 4th Virtual Asset Committee session at the government complex in Seoul.
The decision is a follow-up measure to the ‘Roadmap for Corporations’ participating in the virtual asset…
The post South Korea Issues New Crypto-Friendly Guidelines: Analysts Suspect Political Motivation appeared first on Coin Edition.
Read More