South Korea Proposes Crypto Exposure Limit for Listed Firms
South Korea is considering new guidelines that would limit listed companies' exposure to cryptocurrencies. According to reports, the proposal suggests a 5% limit on crypto holdings for eligible firms. The guidelines would permit investments in the top 20 cryptocurrencies based on market capitalization. The development indicates a move towards regulating how publicly traded companies in South Korea can engage with the digital asset market.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.