TechFlow news, March 12 — According to The Block, the South Korean Financial Services Commission (FSC) announced on Wednesday that it plans to release comprehensive guidelines for institutional cryptocurrency investments in the third quarter, aiming to lift the current ban on such investments.
The FSC will first issue guidelines for non-profit organizations and cryptocurrency exchanges in April, followed by guidelines for public enterprises and professional investors in the third quarter. FSC Vice Chairperson Kim So-young stated that the upcoming guidelines will outline "best practices" for institutional cryptocurrency investment, including standards for crypto trading, disclosure, and reporting.
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