ICYMI – South Korea is reportedly planning to permit institutional buying and selling of crypto

Posting this ICYMI:

South Korea’s Monetary Providers Fee (FSC) is reportedly making ready to ease restrictions on institutional cryptocurrency buying and selling.

In response to Yonhap information company, the plan seeks to regularly permit institutional buyers to open buying and selling accounts on home cryptocurrency exchanges.

At the moment, South Korean rules restrict crypto buying and selling to retail buyers who’ve verified their identities with their authorized names. Whereas there hasn’t been a proper ban on institutional buying and selling, the FSC has beforehand really helpful that banks stop institutional entities from opening change accounts.

Extra right here.

As an apart, appears like I jinxed crypto yesterday with this:

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This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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