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South Korea Links Virtual Asset Trading Guidelines to Digital Asset Law, Plans OTC Trading on July 23

Regulation & Policy Geopolitics

2026-07-23 08:13:50

According to South Korea's Financial Services Commission, the regulator announced on July 23 that it is coordinating the release of phase-2 guidelines for corporate virtual asset trading with pending legislation, including the Digital Asset Basic Law. The commission signaled support for allowing over-the-counter (OTC) trades through independent intermediaries alongside exchange-based transactions. Kim Sung-jin, head of the FSC's virtual asset division, stated that institutional investors may prefer third-party brokers rather than direct exchange participation, mirroring equity market practices.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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