South Korea is poised to lift its ban on institutional cryptocurrency trading, signaling a significant shift in the regulatory landscape. The government plans to permit institutions to open accounts on exchanges, which could lead to increased market activity. However, the introduction of new regulations may impose stringent compliance requirements, potentially stifling innovation. While this move could bring legitimacy to the sector, the overall market sentiment remains cautious. The potential for increased institutional involvement is tempered by concerns over regulatory burdens and market volatility, casting a shadow over the industry's growth prospects.
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