The South Korean Financial Services Commission (SFC) plans to lift a prohibition that prevented crptographic trade institutions in response to the increase in global participation in the market, he said Thursday.
Non -profit organizations such as beneficial organizations, university and school corporations, law enforcement agencies may sell their virtual assets in the first half of the year. In the second half of the year, companies that quote on the list and professional investors can buy and sell cryptography.
Corporations and banks have been restricted to the trade of virtual assets due to government regulations that were implemented in 2017. At the time the blockade was established to relieve “overheated speculation” and address money laundering concerns.
With the application of the Virtual Assets Users Protection Law, a user protection base has been established, said the regulator in his statement.
“The main countries abroad are widely allowing corporations to participate in the market, and the market environment is changing since national companies are also seeing an increase in the demand for new companies related to the block chain,” he said The statement.
