coreiadosul

⚠️🚨🚨 ALERT!!! ⚠️⚠️🚨🚨

Bithumb, from South Korea, announces corporate restructuring in the third quarter tanks, XRP 2% on the exchange.
$XRP #BinanceAlphaAlert #coreiadosul #Bithumb #TrumpVsPowell #SaylorBTCPurchase

South Korea is set to lift its ban on institutional cryptocurrency trading, according to an announcement from the country’s Financial Services Commission (FSC). This means that non-profit organizations such as charities and universities will be able to sell their virtual assets as early as the first half of 2025. In the second half of 2025, publicly listed companies and professional investors will also be able to buy and sell cryptocurrencies.

The move is a response to the growing global participation in the cryptocurrency market and reflects a trend of traditional financial institutions and corporations showing interest in the sector. The FSC also highlighted that the foundation for user protection in the crypto market has been laid with the implementation of the Virtual Assets User Protection Act.

It is worth noting that South Korea had implemented restrictive regulations in 2017 to curb “excessive speculation” and combat money laundering concerns. However, with this move, the country appears to be aligning itself with global trends regarding the cryptocurrency market. #coreiadosul