South Korean regulators are set to approve cryptocurrency investment by institutional investors, as reported by local media. The Financial Services Commission (FSC) of South Korea plans to introduce corporate investment in digital assets by permitting the issuance of real-name corporate trading accounts. Although there are no legal barriers to issuing such accounts to corporations, local regulators have been advising banks against it. The FSC will discuss gradually allowing corporate crypto investments in collaboration with the Virtual Asset Committee. The controversy surrounding South Korea's potential approval of corporate crypto investments has been ongoing, with the FSC denying previous reports of a roadmap for corporate crypto accounts. FSC Secretary-General Kwon Dae-young emphasized the need for South Korean crypto regulations to align with global standards. The country is currently facing a leadership crisis, with tensions escalating following a declaration of martial law in December 2024. Read more AI-generated news on: https://app.chaingpt.org/news