CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
BitcoinSistemi 2025-01-08 16:18:06

South Korea Approves Bitcoin and Altcoin Investments!

While Bitcoin and altcoins are experiencing declines, South Korea is preparing for a significant change in its approach to cryptocurrency investment. The Financial Services Commission (FSC) plans to allow companies to invest in cryptocurrencies, local news agency Yonhap reported. This move is seen as a big step forward for the country's cryptocurrency industry, and it was stated that this move could attract new opportunities for businesses to invest in South Korea. The report reported that the FSC plans to gradually allow institutional investors to open trading accounts on cryptocurrency exchanges. Under South Korea’s financial information usage law, only retail investors verified by the government are currently allowed to trade crypto. While the country has not imposed an outright ban on institutional investors, the FSC has advised banks to prohibit and restrict institutions from opening accounts on exchanges. The removal of restrictions and bans on institutions is expected to be positive for both the crypto industry and the country. *This is not investment advice. Continue Reading: South Korea Approves Bitcoin and Altcoin Investments!

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.