🇰🇷 South Korea to Lift 9-Year Ban — Banks Can Finally Own Crypto
$BTC $ETH $SOL
South Korea’s Financial Services Commission is pushing to lift the 9-year ban on financial companies holding equity in crypto businesses — potentially this year.
What’s happening:
· 📜 Stablecoin legislation (Phase 2 of Digital Assets Basic Act) moving forward
· 🏦 Banks, securities firms could invest in virtual assets
· 📊 Studying institutional brokers & OTC mechanisms like stock markets
· 🎯 Aiming to complete digital-asset legislation within the year
Why it matters:
South Korea is opening the door for institutional capital — a massive shift for one of the world's most active crypto markets. 🔥
Source: Odaily
$BTC $ETH $SOL
South Korea’s Financial Services Commission is pushing to lift the 9-year ban on financial companies holding equity in crypto businesses — potentially this year.
What’s happening:
· 📜 Stablecoin legislation (Phase 2 of Digital Assets Basic Act) moving forward
· 🏦 Banks, securities firms could invest in virtual assets
· 📊 Studying institutional brokers & OTC mechanisms like stock markets
· 🎯 Aiming to complete digital-asset legislation within the year
Why it matters:
South Korea is opening the door for institutional capital — a massive shift for one of the world's most active crypto markets. 🔥
Source: Odaily