South Korea to Lift Corporate Crypto Investment Ban

South Korea is set to remove its long-standing ban in place since 2017 on corporate investments in cryptocurrencies.
Under the new framework, companies will be allowed to allocate up to 5 of their capital into Bitcoin, Ethereum, and other major digital assets. Final rules are expected to be approved in the coming months.
Regulators believe that allowing corporate capital into the market will help make the crypto sector more mature, stable, and long-term focused, reducing speculative excess and improving overall market structure.
A potentially significant boost for institutional adoption in Asia.