South Korea Plans to Exclude Stablecoins from Listed Companies' Eligible Digital Assets Investment

BlockBeats News, March 7th, according to the South Korean media

report, the South Korean financial regulatory agency is preparing a guideline allowing listed companies to invest in digital assets. Previously, the digital asset market was mainly targeted at individual investors, but stablecoins are likely to be excluded from the investment targets. The South Korean regulatory agency plans to release a trading guideline containing such content after the establishment of the "Digital Asset Basic Law," allowing listed companies to engage in digital asset transactions for investment or financial purposes.

In the "Corporate Cryptocurrency Transaction Guideline" being formulated by the South Korean Financial Services Commission, stablecoins will not be included in the allowed investment targets. This guideline will specify the standards for listed companies and registered professional investors to transact digital assets for investment or financial purposes. In order to prevent disorderly investment in the early stages of the market, the regulatory agency decided not to include US dollar stablecoins such as USDT and USDC in the permissible scope.