The Financial Services Commission of South Korea has announced that the decision regarding the opening of cryptocurrency accounts by enterprises will be postponed until 2025. A decision is expected to be made following the virtual assets committee meeting in January. Previously, there were plans to gradually allow non-profit entities such as government departments, public institutions, and universities to open real-name accounts, but the final plan has not yet been finalized.

This decision stems from an emergency executive order passed by the Cabinet in 2017, which prohibited enterprises from investing in crypto assets. Industry insiders are calling for the market to be opened sooner to promote market stability and healthy development. They believe that delaying the decision may weaken South Korea's competitiveness in the global cryptocurrency market.🌐📊