South Korea Ends Nine-Year Corporate Crypto Ban, Allows 5% Cap Table Investment in Top 20 Cryptocurrencies

BlockBeats News, January 12th, according to Be in Crypto, the Financial Services Commission (FSC) of South Korea has officially approved listed companies and professional investors to invest up to 5% of their equity capital annually in the top 20 cryptocurrencies by market capitalization, ending a ban in place since 2017. About 3,500 eligible entities will be allowed to enter the market.