South Korea's Financial Services Commission announced new rules for institutional crypto investments with a phased rollout starting in April.
Two-Phase Regulatory Framework
The Financial Services Commission of South Korea is developing a two-phase regulatory framework for crypto regulation, including stablecoin rules and a legal structure for token securities.
Plan for Corporate Participation
A roadmap for corporate participation in the crypto market was announced in February, emphasizing changes in practices, not just laws.
Combating Crypto Industry Crimes
In March, the Financial Intelligence Unit announced the creation of a task force to combat crimes in the crypto industry. Warnings will soon be issued to industry participants vulnerable to financial crimes.
South Korean financial authorities are actively working to create a new regulatory framework to increase transparency and security in the crypto industry by implementing strict measures against financial crimes.
