South Korea Excludes Stablecoins from Corporate Cryptocurrency Investments, Financial Authorities Draft Guidelines

Listed Corporations and Specialized Investment Entities Targeted

According to a report by Herald Economy on the 7th, South Korea's financial authorities are in the process of drafting guidelines that will allow listed corporations to engage in cryptocurrency transactions. It has been revealed that the policy to exclude stablecoins from the list of permissible investments has been solidified.

The 'Corporate Cryptocurrency Transaction Guidelines' being prepared by the Financial Services Commission will set standards for listed corporations and registered specialized investment entities to trade digital assets for investment and financial purposes. However...