South Korea Prepares Guidelines for Corporate Investment in Digital Assets

South Korea's financial regulators are developing guidelines to enable publicly traded companies to invest in digital assets. According to BlockBeats, the move marks a shift from the previous focus on individual investors in the digital asset market. However, stablecoins are likely to be excluded from the list of permissible investment options. The Financial Services Commission of South Korea is working on a 'Corporate Cryptocurrency Trading Guide,' which will specify the standards for listed companies and registered professional investment corporations to engage in digital asset transactions for investment or financial purposes. To prevent disorderly investment in the early stages of market development, the regulators have decided to exclude stablecoins like USDT and USDC from the permissible investment range. The guidelines are expected to be released following the establishment of the 'Basic Law on Digital Assets.'