South Korea's Financial Services Commission: Decision on whether to allow companies to open cryptocurrency accounts postponed until 2025

The South Korean Financial Services Commission announced that the decision on whether to allow companies to open Cryptocurrency accounts will be postponed until 2025. Following the first virtual asset committee meeting, the second meeting expected to be held in January next year will re-discuss whether to allow the opening of Korean won corporate virtual asset accounts. Previously, the Financial Services Commission was considering allowing non-profit enterprises such as central government departments, local governments, public institutions, and universities to issue real-name accounts in the first phase, but this issue has not been finally determined. In particular, the recent impeachment situation may postpone further deliberation on the discussion results of the virtual asset committee.