韓國機構投資者可以在2025年下半年開設數字資產交換帳戶

該國金融監督機構裁定，韓國的機構投資者可以從今年下半年開始開設有關數字資產交易所的帳戶。

South Korea’s institutional investors will be permitted to open accounts on digital asset exchanges in the second half of the year, the country’s financial regulator has ruled.

該國的金融監管機構裁定，韓國的機構投資者將被允許在下半年就數字資產交易所開設帳戶。

The Financial Services Commission (FSC) has been considering new rules that will allow institutions to hold digital assets since 2024. A month ago, the watchdog said it would need more time to consider the implications of the decision.

金融服務委員會（FSC）一直在考慮新規則，該規則將允許機構自2024年以來持有數字資產。一個月前，監督機構表示，將需要更多時間來考慮該決定的含義。

However, in its most recent meeting, the FSC unveiled a new roadmap that will gradually permit corporates to hold digital assets in stages, ultimately ending a seven-year ban that was introduced in 2017. The regulator said the roadmap will be rolled out in a manner that ensures consumer protection and maintains market stability.

但是，在最近的會議上，FSC推出了一項新的路線圖，該路線圖逐漸允許企業在階段持有數字資產，最終結束了2017年引入的七年禁令。監管機構表示，該路線圖將在確保消費者保護並保持市場穩定的方式。

The roadmap will begin by permitting corporates to open real-name verified accounts in the first half of the year, through which they will only be able to sell their digital asset holdings for fiat.

路線圖將首先允許公司在上半年開設現名驗證的帳戶，他們只能通過該帳戶出售其數字資產持有量。

Furthermore, virtual asset service providers (VASPs) will only be permitted to begin liquidating their tokens through this roadmap once they establish industry standards to avoid any conflict of interest with their customers.

此外，僅一旦建立行業標準以避免與客戶的任何利益衝突，虛擬資產服務提供商（VASP）只能開始通過此路線圖清算其令牌。

In the second half of 2025, the FSC will expand the functionalities of the corporate accounts, allowing them to engage in other digital asset investment and financial activities.

在2025年下半年，FSC將擴大公司帳戶的功能，使他們能夠從事其他數字資產投資和財務活動。

The watchdog revealed that its decision was driven by the high demand for digital asset products from South Korea’s institutional investors. The East Asian nation boasts one of the world’s largest digital asset markets, largely fueled by the country’s renowned appetite for high-risk, high-return assets.

監管機構透露，其決定是由韓國機構投資者對數字資產產品的高需求驅動的。東亞國家擁有世界上最大的數字資產市場之一，在該國著名的高風險，高返回資產的食慾中，這在很大程度上推動了全球。

In fact, the FSC said that at launch, it had lined up 3,500 corporate entities that had expressed interest in digital assets under the new roadmap.

實際上，FSC表示，在發佈時，它排隊了3500家公司實體，這些公司在新路線圖下對數字資產表示興趣。

“…qualified professional investors are already eligible to invest in highly risky and highly volatile derivatives products, and these corporations have demonstrated significant demand for pursuing blockchain-related business and investment opportunities,” FSC noted.

FSC指出：“……合格的專業投資者已經有資格投資於高風險和高度揮發性的衍生產品產品，這些公司對追求與區塊鏈相關的業務和投資機會的需求很大。”

Admitting corporates into the digital asset sector does come with risks, which the agency acknowledged. While it will step up its oversight to cater to the increased activity, the FSC also called on financial entities to implement strict checks on clients who engage in ‘crypto’ transactions. It also pledged to publish new guidelines to assist the banks in strengthening their verification processes.

該機構承認，將企業納入數字資產行業的確會帶來風險。雖然它將加強其監督以迎合增加的活動，但FSC還呼籲金融實體對從事“加密”交易的客戶進行嚴格的檢查。它還承諾發布新的準則，以協助銀行加強其驗證流程。

As the FSC rolls out enabling regulations for the digital asset sector, South Korea’s largest exchange is facing billions of won in potential fines for violating Know Your Customer (KYC) regulations.

隨著FSC為數字資產行業推出促進法規，韓國最大的交易所面臨數十億韓元的潛在罰款，以了解您的客戶（KYC）法規。

An investigation that began last November found that the exchange had over 700,000 violations, according to local outlet Yonhap News. Each violation could attract thousands of dollars in fines, which would amount to the biggest penalty for a VASP in Asia. The outlet also cited sources within the FSC who said the exchange could be suspended for up to six months.

據當地媒體Yonhap新聞報導，去年11月開始的一項調查發現，該交易所的違規行為超過70萬。每種違規行為可能會吸引數千美元的罰款，這將是亞洲VASP的最大罰款。該商店還引用了FSC中的消息來源，他說該交易所可能會停留長達六個月。

Speaking to legislators on Monday, FSC Governor Kim Byoung-hwan said the agency was “proceeding with the case quickly” and would conclude it soon.

FSC州長Kim Byoung-Hwan週一與立法者發表講話說，該機構正在“迅速進行此案”，並將很快得出結論。

Upbit is Korea’s dominant exchange, controlling nearly three-quarters of the market, with Bithumb, Coinone, and Korbit as its only sizable rivals. As such, any action by the FSC will have a seismic effect in a country where digital asset trading has occasionally outpaced stocks.

Upbit是韓國的主要交流，控制著近四分之三的市場，Bithumb，Coinone和Korbit是其唯一的唯一競爭對手。因此，在一個數字資產交易偶爾會超過股票的國家，FSC的任何行動都將產生地震效應。

Meanwhile, Bybit was recently cleared by French authorities after being on the regulator’s blacklist since mid-2022. The Autorité des Marchés Financiers (AMF) had called on investors to avoid trading on Bybit and indicated that it would block the exchange’s website (although it never did).

同時，自2022年中期以來，法國當局在監管機構的黑名單後被法國當局清除。 AutoritédesMarchés金融家（AMF）呼籲投資者避免在Bybit上進行交易，並指出它將阻止交易所的網站（儘管從未這樣做）。

Now, Bybit is in the AMF’s good graces, as CEO Ben Zhou noted recently.

正如首席執行官本·週（Ben Zhou）最近指出的那樣，現在，拜比特（Bybit）處於AMF的良好狀態。

“After more than two years of working with the French regulator through multiple remediation efforts, Bybit is now officially removed from France AMF blacklist,” Zhou revealed.

週透透露：“經過兩年以上與法國監管機構合作，通過多項補救措施工作，Bybit現在已正式從法國AMF黑名單中撤離。”

He added that the exchange is now pursuing a MiCA license, which its rivals like Crypto.com, OKX and most recently Bitget, have obtained.

他補充說，該交易所現在正在尋求雲母許可證，其競爭對手（例如Crypto.com，Okx和最近的Bitget）已獲得了雲母許可。

Watch: Reggie Middleton on DeFi, booms/busts & crypto regulation

觀看：雷吉·米德爾頓（Reggie Middleton）