– Major Shift: South Korea is set to lift its long-standing ban on institutional crypto trading. – First Phase: Non-profit associations, including charities and universities, can sell virtual assets in the first half of the year. – Second Phase: Private companies and professional investors will gain full trading rights later in 2025.
– Global Trend: Countries like the U.S. and EU are allowing institutional crypto trading, prompting South Korea to adjust its policy. – Demand for Blockchain: Growing interest among South Korean businesses, especially in tech, for blockchain and digital asset services.
– The 2017 Ban: Initially, the government imposed the ban to tackle financial risks like money laundering and fraud. – New Regulations: The Virtual Asset User Protection Act ensures robust investor protections while allowing institutional involvemen
– Increased Liquidity: Institutional investors will bring in significant capital, potentially stabilizing prices. – Global Impact: South Korea's move could influence other countries still hesitant to allow institutional crypto trading. – Future Outlook: This shift positions South Korea as a competitive player in the global digital asset market.