TechFlow news — On January 15, according to Cointelegraph, the Korea Financial Services Commission (FSC) held its second Virtual Asset Committee meeting, postponing a decision on corporate cryptocurrency trading accounts. FSC Vice Chairperson Kim So-young stated that after 12 subcommittee and working group discussions, the policy review is nearing completion.
The meeting focused on the second phase of implementing the Cryptocurrency Investor Protection Act, covering regulatory requirements for crypto asset issuance, distribution, and disclosure, while also planning to establish a dedicated regulatory framework for stablecoin trading. South Korea intends to gradually allow corporate cryptocurrency investments by 2025, though regulators are currently still advising banks not to issue related trading accounts to businesses.
