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What will be the primary reason for lifting South Korea's institutional crypto ban by March 31, 2025?
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Resolution / Starting Odds
Align with global regulations • 25%
Increase market liquidity • 25%
Boost economic growth • 25%
Pressure from local institutions • 25%
Official statements from the Financial Services Commission (FSC) or major news outlets like Yonhap News Agency
Story
South Korea to Lift Ban on Institutional Crypto Trading, Boosting Market Participation with 15.59M Investors and $10.5B Daily Volume
Jan 8, 2025, 11:33 AM
South Korea is set to lift its ban on institutional trading of cryptocurrencies, according to a report by Yonhap News Agency. The Financial Services Commission (FSC) plans to gradually allow institutional investors access to crypto exchanges, starting with non-profit organizations. This regulatory shift is expected to enhance market participation and liquidity in a sector that currently has 15.59 million investors, representing 30% of the country's population, and generates a daily trading volume of $10.5 billion. The FSC aims to align with global regulations in the virtual asset market, reflecting a significant change in the country's approach to cryptocurrency trading.
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Similar markets
Other • 25%
Technological Interest • 25%
Hedging against inflation • 25%
Investment Opportunity • 25%
No • 50%
Yes • 50%
No significant change • 25%
Crypto payments remain banned • 25%
New crypto regulations introduced • 25%
Crypto payments legalized • 25%
Other • 25%
Bitcoin • 25%
Ethereum • 25%
Ripple • 25%
Unclear outcome • 25%
More restrictive regulations • 25%
Less restrictive regulations • 25%
No significant change • 25%
