Regulatory Alerts2025-02-13 | 84004Staged Allowance of Corporate Virtual Asset Transactions by the FSC
The Financial Services Commission of South Korea has approved a phased roadmap to lift the long-standing ban on corporate transactions of virtual assets, aiming to balance market innovation with user protection. The plan permits immediate account opening for liquidation purposes by law enforcement and specific non-profits, followed by a second-half pilot test for qualified professional investors, while excluding financial companies to prevent systemic risk contagion. Concurrently, the committee is upgrading best practice guidelines to curb post-listing price volatility and advancing legislative reforms to facilitate the issuance of security tokens.
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