South Korea is shifting its stance on crypto, moving towards a more open approach by lifting its ban on institutional crypto trading.The Financial Services Commission (FSC) will release crypto investment guidelines, with staggered timelines for different participants. This move aims to develop the crypto market while ensuring user protection. The guidelines will include best practices for crypto investments, with a focus on anti-money laundering and system security. South Korea is also working on further crypto regulations and plans to allow charities and colleges to sell crypto holdings. The country has a large crypto user base and is exploring the possibility of crypto spot ETFs.
Source: Bitcoin
