South Korea set to launch cryptocurrency trading for corporate entities, with banks excluded.

Phased Access in 2025:
🔹 H1: Nonprofits, universities, law enforcement, and exchanges can cash out crypto.
🔹 H2: 3,500 listed firms and pro investors gain trading rights.

Banks Still Restricted:
🔹 Concerns over financial stability keep banks out.
🔹 Focus shifts to security token offerings (STOs) instead.

Corporate Eligibility:
🔹 Firms need KRW 5B ($3.5M) audited or KRW 10B ($7M) unaudited in financial investments.
🔹 Benchmarked against Hong Kong’s model.

New Task Force:
🔹 FSC, banks, and crypto exchanges to oversee corporate access.
🔹 Pro investors are encouraged to use third-party custodians.

Security Token Regulation:
🔹 Tokenized securities will be classified as electronic securities with new issuer rules.

Korean Exchange Market Shifts:
🔹 Upbit @Official_Upbit (70-80% market share) & Bithumb @BithumbOfficial (17-27%) dominate.
🔹 Upbit may move to Hana Bank; Bithumb to Kookmin Bank.

Read more here: https://t.co/EfQ5WdgWjh