S Korean Regulator Denies Reports Claiming It Is About to Let Companies Buy Crypto

The South Korean Financial Services Commission (FSC) has denied reports claiming it is about to let companies buy crypto using their balance sheets.

Per Hanguk Kyungjae, the FSC told media representatives the reports were “not true.”

Will Regulator Let South Korean Companies Buy Crypto?

Reports circulated at the start of the month claiming that the FSC was prepared to allow universities and schools to trade donations made in crypto for fiat.

This, the reports claimed, would represent the first step on a roadmap. This same roadmap would eventually allow South Korean firms to buy coins like Bitcoin (BTC) and Ethereum (ETH), they added.