🔎 South Korea lifts cryptocurrency ban for institutional investors and tightens checks.

ℹ️ Starting in June, non-profit organizations and exchanges will be allowed to sell cryptocurrency, and by the end of the year, public companies and professional investors will be admitted. In exchange, authorities require exchanges and banks to thoroughly verify the source of funds and the purpose of transactions for new clients, as well as monitor the organizations and their CEOs for money laundering; specific instructions are being prepared by the banking federation and the exchange association.

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