cryptojournalist
South Korea’s Financial Services Commission (FSC) denied rumors about a corporate crypto account plan. Reports claimed the FSC was preparing to let universities and local governments trade crypto in 2025, with corporations joining later. On Dec. 4, the FSC clarified that nothing is finalized yet, and discussions are still ongoing.
Why Companies Can’t Trade Crypto
Right now, South Korea’s crypto rules make it tough for corporations to join. Crypto trading requires real-name accounts at banks partnered with crypto exchanges. Only five exchanges have these partnerships, and banks block companies to follow strict AML rules. This leaves the crypto market in the hands of everyday investors.
A Big Crypto Market
South Korea’s crypto market is enormous. During a brief political drama when President Yoon Suk Yeol declared (and later reversed) martial law, the market saw $35 billion in crypto trading in just one day. That’s more than Indonesia’s total crypto trading volume for all of 2024.
