South Korea’s FSC postpones decision on corporate cryptocurrency investments

South Korea's Financial Services Commission (FSC) held its second virtual asset committee meeting on January 15, postponing a decision on corporate cryptocurrency trading accounts. FSC Vice Chairman Kim So-young said that after 12 subcommittee and working group discussions, the relevant policy review is about to be completed. The meeting focused on the second phase of the implementation of the Cryptocurrency Investor Protection Act, which involves regulatory requirements such as the issuance, distribution and information disclosure of crypto assets, and plans to develop a special regulatory framework for stablecoin transactions. South Korea plans to gradually liberalize corporate cryptocurrency investment in 2025, and regulators are actually still instructing banks not to issue relevant trading accounts to companies. (Cointelegraph)