Korea promotes 3,500 companies' encrypted currency Access

The Republic of Korea has advanced a three-part digital finance programme covering the encrypted accounts of about 3,500 companies, involving legal recognition of monetized securities and piloting of deposits with nine banks. FactBlock CEO and South Korea Block Chain Week organizer Andrew Park stated that the encryption market in Korea was gradually emerging from its long-standing dependence on retail transactions and that financial institutions were beginning to focus on custody, monetization, currency stabilization, settlement systems and compliance. According to the road map issued by the Financial Services Commission in February 2025, the Republic of Korea plans to allow approximately 2,500 listed companies and about 1,000 companies registered as professional investors to open real-name bank accounts linked to the encryption exchange. Since 2017, Korean companies have been unable to trade virtual assets through local exchanges because banks have not provided the required real names. For the first time, the Financial Services Commission opened limited account access to non-profit organizations, universities, law enforcement agencies and encryption exchanges。