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15.01.2025
South Korea has postponed a decision on corporate investments in cryptocurrency

On January 15, 2025, the Financial Service of South Korea (FSC) held the second meeting of the Virtual Assets Committee, where issues of protecting crypto investors and regulating stablecoins were discussed. However, the issue of allowing corporate cryptocurrency accounts has been postponed for further discussion.

Regulators said they are finalizing a policy analysis related to corporate investments in digital assets. According to FSC Deputy Chairman Kim So-yeon, the results of the work will be presented in the near future.

The meeting discussed the second phase of the law on the protection of crypto investors, which entered into force in July 2024. The main focus is on regulating the issuance and distribution of digital assets, as well as creating a separate regulatory framework for stablecoins.

So far, corporate crypto accounts are not officially banned, but banks are reportedly advised not to issue such accounts, which creates uncertainty for businesses.