South Korea to lift ban on corporate investments in cryptocurrency
South Korea is set to remove the ban on corporate investments in cryptocurrency that has been in place since 2017. Companies will be allowed to invest up to 5% of their capital in Bitcoin, Ethereum, and other major crypto assets, with final regulations expected to be confirmed in the coming months.
Source Sedaily
Regulators anticipate that the entry of corporate funds will contribute to a more mature and long-term investment-oriented crypto market.
The new rules are expected to encourage the growth of South Korea’s crypto sector by attracting more institutional investors and enhancing the overall stability of the market.
