Summary
- Upbit announced that it has opened a dedicated inquiry channel for corporate account registration in preparation for corporate participation in the virtual asset market.
- The Financial Services Commission announced that it would start allowing the issuance of corporate virtual asset real-name accounts from the first half of this year.
- It was reported that from the second half of the year, institutional investors will be allowed to pilot trading real-name accounts for investment purposes.
Upbit seems to be actively preparing for the allowance of corporate participation in the virtual asset (cryptocurrency) market.
On the 27th, Upbit newly opened a dedicated inquiry channel for 'corporate account registration inquiries' on its official website. It is understood that corporations can enter their corporate type, corporate name, business registration number, and contact person name on the page to apply for inquiries.
Previously, in February, the Financial Services Commission announced that it would allow the issuance of corporate virtual asset real-name accounts for cashing purposes from the first half of this year.
The FSC plans to first allow account issuance to law enforcement agencies and non-profit organizations, and it is expected that virtual asset exchanges will also be allowed corporate accounts within the second quarter. From the second half of the year, it plans to pilot the allowance of trading real-name accounts for investment and financial purposes to some institutional investors with risk-taking capabilities.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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