South Korea to Finalise Crypto 4uh6d Focussed ‘Corporate Market Participation' Guidelines by April

The rules will let professional investors and listed corporations to safely engage with VDAs. 1k4u4b

Written by Manas Mitul | Updated: 12 March 2025 19:31 IST

South Korea to Finalise Crypto-Focussed ‘Corporate Market Participation' Guidelines by April

Photo Credit: Pixabay/ Big_Heart 235w70

FSC’s guidelines will clarify rules to handle corporate criminals as well

Highlights

South Korea is gradually promoting corporations to explore VDAs
Donald Trump’s pro-crypto vision has opened dialogue on VDAs
The FSC will also be regulating stablecoins, crypto-related transactions

ment

South Korea's Financial Services Commission (FSC) has announced that it will be adding more layers to its crypto regulations over the next month. The guidelines for corporate firms' participation in cryptocurrencies will be finalised by April, the FSC said Wednesday. The rules will allow professional investors and listed corporations to safely engage with virtual digital assets (VDAs), dodging the risks linked to the volatile market.

The FSC said it conducted a meeting with experts from the virtual asset industry to discuss supplementary measures that could keep institutional investors safeguarded against scams, hacks, and market fluctuations among other risks.

Kim So-young, the vice chairperson of the FSC, chaired the meeting. He said that US President Donald Trump's pro-crypto actions had sharpened dialogue on the institutionalisation of VDAs. According to him, the crypto sector could be given a fair margin to grow only after computer system security was strengthened and rules to prevent money laundering were put in place.

WazirX Partners With BitGo for Asset Custody Amid Financial Restructuring

“Following the inauguration of the Trump istration, our Ministry of Foreign Affairs is also accelerating the establishment of a virtual asset system for ‘ protection' and ‘virtual asset market development' centered on the ‘Virtual Asset Committee.',” the agency quoted So-young as saying.

FSC's guidelines will clarify rules to handle corporate criminals as well as methods to disclose and report virtual asset transactions. Details on these guidelines remain undisclosed for now.

South Korea is gradually promoting corporations to explore the VDA market, presently valued at $2.65 trillion (roughly Rs. 2,31,11,842 crore). The nation recently implemented the ‘Virtual Asset Protection Act' to strengthen investor safeguards, and decided that large investors, too, should get a chance to explore the sector under FSC's oversight.

Thailand Approves USDT, USDC for Crypto Trading and Banking Settlements

Last month, the agency had said that once these guidelines were finalised, the country would start allowing select institutional investors to open real name trading s for VDA engagements. Eligible corporations would need to hold a balance of KRW 5 million (roughly Rs. 3 lakh) to KRW 10 million (roughly Rs. 6 lakh) in financial investment products to qualify for the pilot programme.

The country has also begun the preparation of the ‘Virtual Asset 2nd Phase Integrated Act', as per the FSC. This will focus on regulating stablecoins and crypto-related business transactions.

“We are actively ing discussions on legislation related to the reorganisation of the token issuance and liquidity regulation system (amendment of the Capital Market Act, etc.) and promoting legislation related to virtual assets that reflects global regulatory trends,” the FSC said.

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: FSC

Radhika Parashar

Email Radhika

Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More