South Korea banks move quickly to partnership with encryption exchange amid new organizational clarity: Report
According to South Korea, banks in South Korea were partnership with encryption companies, as the country’s digital asset regulations become less restricted.
Last week, the South Korea Financial Services Committee Declare The country will launch a pilot program in the second half of 2025, allowing 3,500 entities of companies to purchase encryption for financial purposes.
Corporate encryption transactions in the country have been banned since 2017.
South Korean media journalist Reports This stock exchange, the country’s largest stock exchange, held a partnership with K Bank. According to Bethomeb, the second largest stock exchange in South Korea, transferred its partnership from Nongaoub Bank to KB Kokmin Bank, The largest bank In the country.
FSC says the experimental program is expected to expand the level of companies ’participation in the encryption sector. The organizer notes that he is also planning to strengthen the protection measures surrounding the sector.
“A set of transactions guidelines will be prepared to provide appropriate information for banks to enhance the verification of the purpose of transactions and funds, and exchange virtual assets to benefit has been provided to investors. Given that qualified professional investors may prove different levels of investment capabilities, the decision to issue a real account was verified in The end will be left for a comprehensive examination of banks and the exchange of virtual assets. ”
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