South Korea’s Financial Services Commission (SFC) plans to raise a ban that prevents crypto trading institutions in response to increased global market participation, It said on Thursday.
Non-profit organizations such as charity, universities and school corporations, law enforcement agencies can sell their virtual properties in the first half of the year. Through the second half of listed companies and professional investors are allowed to buy and sell crypto.
Corporations and banks were restrained from the trading of virtual ownership due to government regulations forced in 2017. By the time the blockage was placed to alleviate the “super -hot imagination” and meet the Remember to lose money.
In implementing the Virtual Asset User Protection Act, a user protection foundation was set, the regulator said in its statement.
“Major foreign countries widely allow corporations to participate in the market, and the market environment changes as domestic companies also see an increase in demand for new blockchain -related businesses , “the statement.
