Decision on Allowing Corporate Coin Investment Delayed to Next Year… "Discussion in January"

The discussion on whether to allow corporate coin investment has been postponed to next year.

According to industry sources on the 30th, a representative from the Financial Services Commission stated, "We are still discussing the issuance of corporate accounts and will announce it as soon as a decision is made. The Virtual Asset Committee is scheduled to convene in January of the new year."

Previously, on the 11th of last month, Kim So-young, Vice Chairman of the Financial Services Commission, mentioned, "The Virtual Asset Committee mainly discussed issues related to corporate real-name accounts, and an announcement was expected within this year," but the conclusion has been delayed.

Meanwhile, the prohibition of corporate virtual asset investment was decided through an emergency administrative guidance by the Office for Government Policy Coordination in December 2017. Therefore, a government-wide consultation is necessary.