Aniket Pujari
South Korea’s financial watchdog has committed to issuing clear rules for institutional crypto investment, with a phased rollout starting in April.
South Korea‘s Financial Services Commission is moving forward with plans to allow institutional investors into the crypto market, with vice chairman Kim So-young saying the government is developing a “two-phase crypto regulation framework” that extends beyond existing user protection laws.
During a March 12 meeting with local crypto industry experts, Kim also revealed that the plan includes stablecoin rules and a legal structure for token securities, adding that the authorities are “speeding up efforts to align with global regulatory trends” following U.S. President Donald Trump‘s push to globalize crypto.
The FSC previously announced a roadmap for corporate crypto market participation in February, aiming to open the market step by step. Now, Kim says corporate participation in the crypto market is “about changing practices, not just laws,” calling for best practices to build a healthy market.
A task force will draft detailed guidelines, with different timelines for participants. While non-profits and crypto exchanges will get guidelines by April, public companies and professional investors will have theirs by Q3, Kim said.
Earlier in March, the Financial Intelligence Unit said it plans to launch a joint response team to handle AML crimes — specifically in crypto — that threaten public livelihoods, in collaboration with the Financial Supervisory Service and financial institutions. As crypto.news reported, authorities will also issue warnings to certain industry players selected based on vulnerability towards AML crimes, media reports and industry requests.
