RSS ICYMI - South Korea is reportedly planning to allow institutional trading of crypto

Currently reading:
 RSS ICYMI - South Korea is reportedly planning to allow institutional trading of crypto

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
10,831
Likes
1,923
Credits
33,612©
Cash
0$
Posting this ICYMI:

South Korea's Financial Services Commission (FSC) is reportedly preparing to ease restrictions on institutional cryptocurrency trading.

According to Yonhap news agency, the plan seeks to gradually allow institutional investors to open trading accounts on domestic cryptocurrency exchanges.

Currently, South Korean regulations limit crypto trading to retail investors who have verified their identities with their legal names. While there hasn’t been a formal ban on institutional trading, the FSC has previously recommended that banks prevent institutional entities from opening exchange accounts.

More here.

As an aside, looks like I jinxed crypto yesterday with this:

Update:

This article was written by Eamonn Sheridan at www.forexlive.com.
 
Status
Not open for further replies.
Tips

Similar threads

Top Bottom