韩国机构投资者可以在2025年下半年开设数字资产交换帐户

该国金融监督机构裁定，韩国的机构投资者可以从今年下半年开始开设有关数字资产交易所的帐户。

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.

该国的金融监管机构裁定，韩国的机构投资者将被允许在下半年就数字资产交易所开设帐户。

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.

金融服务委员会（FSC）一直在考虑新规则，该规则将允许机构自2024年以来持有数字资产。一个月前，监督机构表示，将需要更多时间来考虑该决定的含义。

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，在最近的会议上，FSC推出了一项新的路线图，该路线图逐渐允许企业在阶段持有数字资产，最终结束了2017年引入的七年禁令。监管机构表示，该路线图将在确保消费者保护并保持市场稳定的方式。

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.

路线图将首先允许公司在上半年开设现名验证的帐户，他们只能通过该帐户出售其数字资产持有量。

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，仅一旦建立行业标准以避免与客户的任何利益冲突，虚拟资产服务提供商（VASP）只能开始通过此路线图清算其令牌。

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将扩大公司帐户的功能，使他们能够从事其他数字资产投资和财务活动。

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.

监管机构透露，其决定是由韩国机构投资者对数字资产产品的高需求驱动的。东亚国家拥有世界上最大的数字资产市场之一，在该国著名的高风险，高返回资产的食欲中，这在很大程度上推动了全球。

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.

实际上，FSC表示，在发布时，它排队了3500家公司实体，这些公司在新路线图下对数字资产表示兴趣。

“…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：“……合格的专业投资者已经有资格投资于高风险和高度挥发性的衍生产品产品，这些公司对追求与区块链相关的业务和投资机会的需求很大。”

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.

该机构承认，将企业纳入数字资产行业的确会带来风险。虽然它将加强其监督以迎合增加的活动，但FSC还呼吁金融实体对从事“加密”交易的客户进行严格的检查。它还承诺发布新的准则，以协助银行加强其验证流程。

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.

随着FSC为数字资产行业推出促进法规，韩国最大的交易所面临数十亿韩元的潜在罚款，以了解您的客户（KYC）法规。

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.

据当地媒体Yonhap新闻报道，去年11月开始的一项调查发现，该交易所的违规行为超过70万。每种违规行为可能会吸引数千美元的罚款，这将是亚洲VASP的最大罚款。该商店还引用了FSC内的消息来源，他说该交易所可能会停留长达六个月。

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州长Kim Byoung-Hwan周一与立法者发表讲话说，该机构正在“迅速进行此案”，并将很快得出结论。

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是韩国的主要交流，控制着近四分之三的市场，Bithumb，Coinone和Korbit是其唯一的唯一竞争对手。因此，在一个数字资产交易偶尔会超过股票的国家，FSC的任何行动都将产生地震效应。

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).

同时，自2022年中期以来，法国当局在监管机构的黑名单后被法国当局清除。 AutoritédesMarchés金融家（AMF）呼吁投资者避免在Bybit上进行交易，并指出它将阻止交易所的网站（尽管从未这样做）。

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

正如首席执行官本·周（Ben Zhou）最近指出的那样，现在，拜比特（Bybit）处于AMF的良好状态。

“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.

周透透露：“经过两年以上与法国监管机构合作，通过多项补救措施工作，Bybit现在已正式从法国AMF黑名单中撤离。”

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

他补充说，该交易所现在正在寻求云母许可证，其竞争对手（例如Crypto.com，Okx和最近的Bitget）已获得了云母许可。

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

观看：雷吉·米德尔顿（Reggie Middleton）