Odaily Planet Daily News: The Financial Services Commission of South Korea is promoting the plan to issue real-name virtual asset accounts to enterprises in three stages. First, it will be opened to law enforcement agencies, non-profit legal persons, virtual asset exchanges, etc. (for cashing purposes), and then gradually expanded to professional investment companies (for investment and financial management purposes), general legal persons, etc.
Specifically, the first stage (before the second quarter of 2025) will allow law enforcement agencies, non-profit legal persons and virtual asset exchanges to open accounts; the second stage (the second half of 2025) will be expanded to about 3,500 professional investment legal persons; the third stage will consider opening to ordinary corporate legal persons.
In the future, the Financial Services Commission plans to formulate guidelines for public-private cooperation to support corporate investment in virtual assets. (newsis)