Big shift coming out of South Korea. After nearly nine years of keeping companies on the sidelines, regulators are finally preparing to let corporations invest in crypto. Sounds bullish at first glance… but there’s a catch. Two of the biggest stablecoins in the world — Tether and USD Coin — won’t be allowed.
According to officials at the Financial Services Commission, the upcoming rules will let listed companies and professional investment firms put up to 5% of their own capital into crypto. But only the top 20 non-stablecoin assets by market cap qualify. And trades must run through local exchanges like Upbit or Bithumb.
Honestly, the reasoning is more legal than ideological. The country’s Foreign Exchange Transactions Act — a law dating back to 1998 — doesn’t recognize stablecoins as legitimate cross-border payment instruments. Regulators worry that letting corporations hold dollar-pegged tokens could bypass the traditional banking system.
So crypto exposure? Yes. But dollar-linked tokens? Not happening — at least for now.
It’s an interesting balance: opening the market while keeping tight control over capital flows. The real question is… will other countries follow a similar playbook? 🤔📊
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