New Era for investors

One year after the introduction of his framework of cryptocurrency regulations, South Korea Leads a big step forward in expanding your crypt market. Top financial regulator in the country, Financial Services Commission (FSC), has just announced plans to enable institutional investors to trade crypto – something that was previously limited to retailers.

This shift could change the game for the CRIPTO industry of South Korea industry, bringing larger players and potentially riding more liquidity in the market.

Here is a failure of everything you need to know.

Institutional investors for market entry

Last month, the FSC is accumulated Policies of policies to include institutional players. So far, only retailers are allowed to participate in the CRIPTO trading.

According to the regulator, from the second quarter of this year, charity and universities will be allowed to sell crypto funds received as donations. The FSC also considers allowing domestic crippto exchanges to convert its digital property to cash to cover operating costs.

New user protection guidelines

To ensure fair practice, the FSC will introduce a common sales guideline for crypto operators. This will help prevent exchanging from acting against the interests of their users.

This move follows the earlier decision made by the end of last year, when South Korean regulators have allowed the law enforcement agencies to sell curivocurrencies seized from illegal activities.

Strong political support for the CRIPTO

South Korean President Yoon Suk-Yeol was a strong supporter of the crypto industry. During his election campaign, he promised policies that would help grow local market.

The ruling party of people also support the sector and even called for the introduction of the spot funds traded by cryptocurrency (ETFS).

In July 2024. year, the South Korean government introduced Law on Protection of Virtual Property Investors – The first attempt to establish a clear frame for crypto in the country.

• Also read:
• CFTC and SEC are considering a common US CRIPTO regulation strategy
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South Korea Cripto Market Crypto: Review

South Korea is one of the world’s largest cratted markets. Toward Statisto, Earth crypting revenues are expected to reach 822.4 million dollars, with at least 12.41 million crypt users by 2025. years. The report also provides that average income will increase to $ 66.3 by the end of the year.

Last month, Upbit, the largest cryptocurrency of South Korea, became the fourth largest centralized central in the world in the world of trading. Its 24-hour trading volume stands at 3.2 billion dollars, with top pairs that include XRP / blood, layer / blood, SBD / blood, BTC / blood and USD / blood.

With new regulations and institutional investors entering the market, South Korea will cement their position as a key player in the global crypto industry.