south-korea

South Korea is gradually lifting its ban on corporate investments in virtual assets, aiming to create a regulated environment for both retail and institutional investors.
Regulatory Changes: South Korea's Financial Services Commission (FSC) plans to allow non-profit corporations to open real-name accounts on exchanges, expanding to other corporate entities later. This follows the introduction of the Virtual Asset User Protection Act in 2024, aimed at enhancing market stability and investor protection.
Investor Participation: More than 30% of South Korea's population is now involved in crypto investments, with approximately 15.59 million investors reported as of late November.
Future Framework: The country is set to introduce the second phase of its cryptocurrency regulatory framework in the latter half of 2025, focusing on improving user protection and aligning with global standards.