The South Korea Financial Services Commission (SFC) plans to make a ban that prevented institutions from negotiating the crypto in response to the resurgence of global market participation, he said on Thursday.
Non -profit organizations such as charitable organizations, university and school companies, law enforcement organizations will be able to sell their virtual assets by the first semester. In the second half, listed companies and professional investors will be authorized to buy and sell crypto.
Companies and banks have been linked to virtual asset trade due to government regulations that were put into force in 2017. When blocking was set up to mitigate “overheated speculations” and respond to money laundering concerns money.
With the application of the user protection law of the virtual assets, a user protection base has been defined, the regulator said in its declaration.
“The main countries abroad allow companies to participate in the market, and the market environment is evolving, because national companies also see an increase in demand for new companies related to blockchain,” the press release said.
