🇰🇷 South Korea lifts a 9-year ban on cryptocurrency investments
South Korean authorities are officially removing restrictions introduced in 2017 that prohibited companies from investing in crypto assets and holding them on their balance sheets.
The decision opens the door to institutional capital that has remained sidelined for years.
Corporations will now be allowed to allocate up to 5% of their capital to the top 20 cryptocurrencies. Around 3,500 companies fall under the new rules.
