South Korea is planning to lift the ban on institutional investors from investing in cryptocurrency.

BlockBeats News, January 8th, according to The Block, on Wednesday, Yonhap News Agency cited the Financial Services Commission (FSC) as reporting that South Korea is planning to lift the ban on local institutions trading cryptocurrencies. The Financial Services Commission (FSC), South Korea's top financial regulatory agency, stated that it plans to gradually allow institutional investors to open trading accounts on cryptocurrency exchanges. The regulatory agency plans to collaborate actively with the Digital Asset Committee, a policy advisory organization under the FSC, and will first allow non-profit organizations to open accounts.