SOUTH KOREA SEEKS TO LIFT BAN ON INSTITUTIONAL TRADING OF CRYPTOCURRENCIES: REPORT
South Korea's Financial Services Commission (FSC) is expected to lift its ban on institutional cryptocurrency trading, starting with non-profits, as part of a gradual approach to grow the local crypto sector. This aligns with President Yoon Suk-yeol's crypto-friendly agenda and includes efforts to establish regulatory frameworks for stablecoins, exchanges, and token listings while introducing shareholder screening for virtual asset service providers.