South Korea to Allow Universities to Trade Cryptocurrencies Starting 2025

In Brief:

South Korea's Financial Services Commission (FSC) plans to permit universities to trade cryptocurrencies in 2025, gradually expanding to enterprises.

Institutions like Seoul National University could monetize donation tokens like WEMIX, while listed companies may face restrictions.

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The Korea Economy reported that South Korea's FSC intends to enable universities and other public institutions to trade cryptocurrencies starting in 2025. This marks a significant policy shift, allowing educational entities like Seoul National University to engage in crypto transactions, including the sale of donation tokens such as WEMIX.

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In the next phase, the plan could extend to enterprises and banks, although listed companies might only hold limited crypto assets to mitigate risks. Currently, only the tax bureau and the prosecution are authorized to trade cryptocurrencies in South Korea.

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