South Korea’s Financial Services Commission (FSC) is easing restrictions on cryptocurrency by allowing institutions to engage more with digital assets.
Starting in the second half of 2025, organizations like charities and universities will be able to sell crypto donations, a shift from the past, where institutional accounts on exchanges were prohibited.
As part of a pilot program, 3,500 corporations and professional investors will be allowed to open real-name accounts early in 2025. This is a step toward broader institutional crypto involvement, which has been limited since 2017 due to concerns over speculation and money laundering.
The FSC also plans to enable exchanges to sell their holdings, with new guidelines to prevent market manipulation. Concerns about volatility and “pump and dump” schemes after token listings are being addressed through stricter listing standards and potential minimum supply requirements for new cryptocurrencies.
Additionally, the FSC has outlined a roadmap for corporate crypto participation, with larger corporations allowed to enter the market gradually, while smaller ones undergo closer scrutiny. These moves indicate South Korea’s evolving stance on digital assets, aiming to balance growth and regulation.
Binance has decided to halt spot trading of Tether (USDT) within the European Economic Area (EEA) as it works to comply with the EU’s new crypto regulations under MiCA (Markets in Crypto-Assets Regulation).
California is taking a bold step toward protecting cryptocurrency investors, with new amendments transforming an existing financial regulation bill into a dedicated digital assets framework.
Japan’s Financial Services Agency (FSA) is working on a proposal to amend existing financial laws, aiming to bring cryptocurrencies under the same regulatory framework as traditional financial instruments.
The U.S. Commodities Futures Trading Commission (CFTC) has taken a significant step by revoking a previous directive that had suggested stricter oversight of digital asset derivatives.