TechFlow news — On January 8, according to South Korea's Financial Services Commission (FSC) 2025 key work plan announcement, the commission will gradually allow legal entities to open real-name accounts for virtual asset trading through discussions at the Virtual Asset Committee. Although current laws do not explicitly prohibit issuing such accounts to legal entities, financial regulators have previously advised banks against doing so. The FSC plans to begin with non-profit legal entities and gradually develop specific implementation measures.
In addition, the FSC will advance the "Virtual Asset Phase Two Bill," covering regulations on the issuance and circulation of virtual assets. Future discussions will focus on listing standards, stablecoin regulation, and conduct rules for virtual asset exchanges, aligning with global regulatory frameworks.
