South Korea calls for tighter cryptocurrency AML regulations in response to looming institutional ban

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According to news, South Korea will allow certain non-profit organizations and registered cryptocurrency exchanges to sell their crypto assets starting in June, and announced strengthened anti-money laundering (AML) and know-your-customer (KYC) regulatory measures for institutional clients.

This move is aimed at gradually lifting the ban on institutional cryptocurrency investment. The Financial Services Commission (FSC) requires exchanges and partner banks to "thoroughly" review the funding sources and transaction purposes of new institutional clients, and plans to allow listed companies to trade on exchanges in the second half of 2025.

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