The Financial Services Commission (FSC) of South Korea has announced an initiative to gradually permit corporate investment in virtual assets, aiming to boost Web3 adoption.
As part of its 2025 business plan, the FSC will discuss with the Virtual Asset Committee about approving real-name accounts for corporations, starting with non-profit entities.
According to the announcement, only accounts verified under the Specific Financial Information Act can invest in virtual assets. While no legal restrictions exist on creating corporate real-name accounts, financial regulators have advised banks against it. In addition, the Financial Services Commission (FSC) is working on the Phase 2 Virtual Asset Act, which is set to introduce regulations for issuing and distributing virtual assets. This upcoming legislation will likely cover stablecoins, asset listing standards, and operational conduct for virtual asset exchanges, aiming to align South Korea’s regulations with global standards.
Financial Services Commission Secretary-General Kwon Dae-young highlighted the necessity of establishing a transparent and well-regulated virtual asset market. He reaffirmed the commission’s commitment to aligning with global regulations and enhancing self-regulation within the sector. To combat unfair practices, the FSC plans to integrate advanced forensic tools to create a more secure environment for individual and corporate investors in virtual assets.
As South Korea continues to expand its virtual asset landscape, regulatory updates are expected to play a key role in shaping the country’s Web3 future. Eun-bo Jeong, Chairman of the South Korea Exchange, has expressed a strong interest in approving cryptocurrency exchange-traded funds (ETFs) to revitalize the country’s financial markets. During his speech at the 2025 Securities and Derivatives Market Opening Ceremony, Jeong emphasized the importance of crypto ETFs as alternative assets to draw investors back following a downturn caused by political instability. He also revealed plans to explore new sectors, including cryptocurrency ETFs, by referencing global examples to rejuvenate the market and attract domestic and foreign investors.
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