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The Defiant 2025-01-09 12:41:09

South Korea to Ease Rules Allowing Financial Holding Companies to Acquire Digital Assets

South Korea to Ease Rules Allowing Financial Holding Companies to Acquire Digital Assets

South Korea's Financial Services Commission (FSC) has announced plans to ease regulations, allowing financial holding companies to gradually acquire digital assets. The FSC revealed the news in its "2025 Key Work Promotion Plan," shared on Jan. 8, according to South Korea’s Yonhap News Agency. This initiative, developed in consultation with the Virtual Asset Committee, is set to begin with non-profit organizations in the first half of the year, eventually expanding to corporate entities, including universities and local governments. The proposed regulatory changes aim to empower financial holding companies to actively engage with cryptocurrencies, enabling more efficient management and liquidation of digital assets. This move reflects South Korea's broader efforts to integrate digital assets into its financial ecosystem. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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