CoinVoice has recently learned that according to the Korea Economic Daily, the Financial Services Commission of South Korea plans to release a roadmap for the opening of corporate cryptocurrency trading accounts at the end of December. In the first phase, non-profit legal entities such as central government departments, local governments, public institutions and universities will be allowed to open real-name accounts. In the second phase, cryptocurrency exchanges and other related companies will be allowed to open won accounts, while the opening of accounts for general companies and financial institutions will be included in the medium- and long-term plan.
The cryptocurrency donations previously accepted by Seoul National University and other institutions could not be cashed out due to the inability to open a trading account. It is reported that the approximately 1 billion won WEMIX tokens held by Seoul National University will be convertible into cash for school finances under the new policy. Financial authorities said the move is aimed at solving the problem of holding cryptocurrencies due to involuntary factors such as confiscation or donations, while promoting the upgrading of related industries. [Original link]