South Korea is considering banning corporate crypto trading, with plans to gradually issue real-name accounts to institutional investors.
South Korea is set to allow corporations to invest in cryptocurrencies like the Financial Services Commission considers gradual approach to lifting restrictions, Yonhap News Agency reportsnaming the governor. Under the plan, companies will be able to open real-name accounts on crypto exchanges, starting with non-profit organizations.
As of press time, South Korea's crypto laws do not allow retail investors with verified real-name accounts to trade. Although there is no official ban institutional investorsbanks have been told not to provide real-name accounts to corporations, the report notes. The FSC aims to change this, with plans to discuss the issue through the Digital Assets Committee.
The financial regulator also plans to introduce measures that will allow fintech companies to grow. The aim is to develop cooperation between financial organizations and fintech companies. There will also be improvements to how crypto exchanges are regulated, especially regarding token listing and stable handling.
Earlier in January, South Korea's Trade Chairman, Jeong Eun-bo, said the trading platform wants to “investigate” the authorization of crypto spot ETF in 2025 as reports indicate that the FSC also wants to allow companies to launch security token offerings.
In his speech at the Opening Ceremony of the Securities and Derivatives Market 2025, Jeong said the exchange would “identify overseas issues for new businesses such as cryptocurrency ETFs and explore new areas in the capital market.”
