Korea Lifts 9-Year Corporate Crypto Ban; Standard Chartered Expands Digital Assets
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Summary
South Korea has lifted a nine-year corporate cryptocurrency ban, allowing listed companies and professional investors to trade digital assets. The Financial Services Commission (FSC) approved rules permitting eligible companies to invest up to 5% of their equity in the top 20 cryptocurrencies listed on major Korean exchanges. Around 3,500 entities could enter the crypto market, unlocking trillions of dollars in capital. Standard Chartered is expanding its exposure to the digital asset market through a new prime brokerage unit, aiming to offer custody and financing services while avoiding strict Basel III regulations.
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