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Reading: South Korea’s crypto money move! A new era begins!
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EdaFace Newsfeed > Latest News > Crypto News > South Korea’s crypto money move! A new era begins!
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South Korea’s crypto money move! A new era begins!

vitalclick
Last updated: February 14, 2025 6:20 am
3 months ago
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South Korea aims to re -access the crypto currency transactions of corporate investors by reviewing their regulations in financial markets. The pilot program, which is expected to start at the end of 2025, will allow 3,500 professional investors to open an account with real names. With this regulation, transparency and security will be increased in the market.

Restrictions in 2017 and new era arrangementsA new start for corporate investors

Restrictions in 2017 and new era arrangements

In 2017, South Korea prohibited access to corporate investors’ access to the crypto money market as a precaution against money laundering and market speculation. Banks also limited the opening of corporate accounts with real names. This period attracted attention as a process in which volatility and security deficits in the market were intense.

The Digital Asset User Protection Law, which came into force in 2024, includes important steps to protect investors and increase transparency in the sector. This law aims to strengthen market audits and regulations and aim to ensure that corporate investors perform safely transactions. The protection of investors and providing market stability is stated as the main focal point of the regulation.

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Within the scope of the pilot program, the authorities set new rules for corporate investors. These rules include the obligation to open an account with the real name, third -party storage conditions and explanation obligations. In the first place, companies are expected to focus on transforming existing crypto currency assets into fiat money.

A new start for corporate investors

The Financial Services Commission said that the main purpose of the regulation is to maintain market stability and create a healthy competitive environment. In this context, 3,500 professional investors will be given permission to open an account with real names.

The regulation prioritizes the translation of existing crypto currency assets rather than the entrance of the new investors to the market. This was planned to prevent major fluctuations in the market and reduce risks. Authorities stressed that regulations are prepared to reduce the risk of excessive speculation and increase financial transparency.

It was also reported that regulations contain measures to provide more transparency such as third -party storage services and transaction reporting. Institutions continue to evaluate their advantages and potential risks in this process.

Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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