Just-In: South Korea’s FSC To Allow Corporate Investments in Crypto Assets

Quick Summary:

In a major update from South Korea, the Financial Services Commission (FSC) has expressed its desire to approve corporate investments in crypto assets.

This marks a significant move for the crypto market, especially in South Korea where agencies are also contemplating strengthening the collaboration between financial holding companies and fintech companies.

Finally, there is a plan to offer relaxation for the consignment business in terms of regulation along with activating data sharing within the financial holding groups.

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Article Details

Category: Crypto

Markets: IndiaSouth Korea

Topics: Financial Services Commission South Korea FSC South korea crypto news 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 08:56:32 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24972197

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 21 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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