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South Korea to lift ban on corporate crypto investment: Report

1 min read
South Korea to lift ban on corporate crypto investment: Report

South Korea's Financial Services Commission (FSC) is set to lift the ban on corporate cryptocurrency investments, allowing listed companies to invest up to 5% of their equity in the top 20 cryptocurrencies. This move marks the end of a prohibition that was implemented in 2017, aiming to foster a more favorable environment for corporate participation in the crypto market.

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Source: CoinTelegraph · Report an issue