The financial watchdog said discussions are ongoing, despite local reports claiming otherwise.
South Korea’s Financial Services Commission (FSC) denied reports that it intends to publish a roadmap permitting corporate crypto accounts by the end of the year.
Unidentified sources cited by Korea Economic Daily claimed the FSC had prepared a phased plan to allow corporate crypto trading, starting with universities and local governments in 2025. Corporations and financial institutions are expected to follow in subsequent stages, the outlet reported.
However, in a Dec. 4 statement, the FSC said no decisions were finalized and discussions were still ongoing.
