The post South Korea Eyes Opening Crypto Market to Foreign Investors Amid AML Challenges appeared on BitcoinEthereumNews.com.

Key Takeaways: South Korea may allow foreign investments in crypto. Whether this happens depends on exchanges strengthening their AML efforts. Changes in policy could revive the local crypto sector. South Korea may open its cryptocurrency market to foreign investors if local exchanges meet AML compliance. Seoul Steps into the Crypto Age: Will It Open Global Accessibility? Kim Sung-jin, head of the FSC’s virtual asset division, supported opening Korea’s crypto exchanges to international investors at a National Assembly seminar. The recent policy shift may be crucial for Korea to remain competitive in the fast-changing global digital asset ecosystem. As digital assets continue to gain popularity, global investors are increasingly looking to expand their portfolios into emerging markets, and South Korea’s robust infrastructure positions it as a potential leader in this space. The commission is currently exploring ways to allow foreign capital into the local market, but this depends on exchanges meeting international AML standards. South Korea has strict know-your-customer (KYC) guidelines in place, requiring users to verify their identities via real-name bank accounts tied to local banks. This process effectively blocks non-residents from accessing the market. While the rules are intended for the benefit of local users, they are dragging the country’s crypto market down on the international front. Without access to foreign investments, local exchanges face a limited pool of capital, stifling innovation and hindering the growth of blockchain technology within South Korea. Capital controls aim to protect the domestic economy, but they hinder the growth of the increasingly globalized cryptocurrency sector. Lifting these restrictions could bring new liquidity and energy to Korea’s crypto space, unlocking investment potential and establishing South Korea as a global crypto leader. Korea Ponders Crypto Capital Controls as Global Race Heats Up As other nations adopt relatively more crypto-friendly structures, South Korea is under pressure…

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Filed under: News - @ April 5, 2025 4:21 pm