South Korea’s financial organizer takes great steps in its encrypted currency Allowing Some organizations and companies to open bank accounts for encryption transactions, according to another report.
This step, which comes as part of the effort of the Financial Services Committee (FSC) is broader to comply with global standards, represents a major shift in politics that opens new possibilities for companies to participate in the virtual asset market.
While financial companies in the country remain prohibited from trading in encryption, new measures pave the way for other entities – including law enforcement agencies, universities, and listed companies – to address law in digital assets.
Expanding access to the encryption account, but there are restrictions
The decision depends on the steps already taken in late 2024, when the national tax service and other government agencies began to sell the confiscated digital currencies. The Vice -Chairman of the Financial Services Committee (FSC) Kim Su Song noticed:
We have reached the consensus on the permission of companies ’participation in the encrypted currency market, taking into account external situations as the environmental system of virtual assets was developed primarily around companies.
Starting in the second quarter of this year, non -profit organizations such as charities and universities approved to open bank accounts for these purposes will also be allowed.
In addition, about 2,500 companies listed in the list and professional investors will be able to reach the market by the middle of the year, provided that they comply with the upcoming instructions designed to prevent money laundering and ensure transparency transparency.
Interestingly, despite these developments, FSC continues to impose strict limits for traditional financial institutions. Banks, mediation mediation and other financial companies are still banned from buying or selling encrypted currencies, including offering encoding investment funds.
The organizer was martyred in continuous concerns about the market risks and the possibility of speculative trading. According to the report, at the present time, financial companies must rely on current frameworks and refrain from maintaining virtual assets directly.
The organizer stated that any approvals of treatment of corporate accounts will depend on strict examination operations, which ensures that the sources of money verified only and the purposes of the treatment clearly will get the green light.
Institutional encryption sales: the new guidance for SFC
In addition to the arrival of companies, the South Korea Financial Services Committee (SFC) is planning Allow Institutions to sell digital asset donations.
This change, which was appointed in the second half of 2025, will enable charities and universities to sell encryption donations that were previously restricted. Read SFC statement:
In the second half of the year, an experimental test for investment accounts and financial purposes for some institutional investors who have risk capabilities will be conducted.
These measures determine a major shift in the South Korean approach to encryption regulations, as the country continues to open its ecosystem for digital assets gradually with the implementation of strict control measures.
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