🇰🇷 South Korea wants to lift the ban on organizing Crypto transactions

FSC (Financial Services Commission of Korea) is planning to allow crypto trading organizations.

Previously, the unofficial law prohibited organizations from participating, but the FSC had required banks to only provide identity verification accounts to individuals trading crypto and not to organizations.

Therefore, this move is seen as a significant step forward for the Crypto market in the Land of the Morning Calm.

In addition, South Korea is also actively improving the Crypto legal framework, including:

✅ Establishing regulations for managing stablecoins.

✅ Setting clearer token listing processes.

✅ Adding criteria for managing major shareholders of digital asset services.

✅ Closely monitoring high-risk tokens such as memecoins.