In light of the significant regulatory shift within the digital currency market in South Korea, we show in this issue how Binance is quickly responding to the new legal framework:
1. Near issuance of a regulatory framework for institutional investment in 2025:
The Financial Services Commission (FSC) sets gradual steps to allow trading accounts for legal institutions, with guidelines to be defined during 2025 for banks, companies, and universities to enter the digital currency market.
2. Strengthening Stablecoin issuance regulation:
The FSC is preparing legislation to define a legal framework for stablecoins, based on comprehensive monitoring of the digital currency market; drafts of the legislation are expected to be published in the second half of 2025.
3. Regulation of cross-border transactions:
Starting from the second half of 2025, a registration and monthly reporting system will be applied to cross-border digital transfers via Binance and others, to curb digital currency crimes and money laundering.
4. Binance's compliance with strict requirements:
Binance continues to strengthen its compliance framework, especially with extensive local banking partnerships for hosting funds, and assumes responsibility for storing 80% of tokens in cold wallets, in addition to insurance commitments and reserves.
💱 Currency pair under observation:
Today we discuss the Spot trading market on Binance for the BNB/KRW pair (Ticker: BNBKRW), which is experiencing increasing interest amid investors' anticipation of banking business facilitation. A notable increase in liquidity has been observed, reflecting Binance's success in adapting to the new regulatory environment.
🎯 Importance of these developments for users:
Opens the door for institutions, companies, and universities to safely enter the digital currency market through Binance, supporting the development of the institutional sector in South Korea.
Establishing a legal framework for stablecoins enhances trust among traders and reduces risks associated with market volatility.
Implementing strict measures on cross-border transfers increases security and transparency, enhancing Binance's reputation as a committed platform.
BNB/KRW may represent an ideal option for local traders, thanks to good liquidity and support from modern regulatory policies.
✅ Key advice:
If you are an investor or trader in South Korea, closely follow the upcoming updates on institutional regulations and stablecoins, and benefit from the availability of the BNB/KRW pair with a compliant and stable structure on Binance.
