South Korea Unveils Plans to Ease Restrictions for Foreign Crypto Investors

South Korea is considering a major change in its approach to crypto regulations, with the head of the virtual assets department at the Financial Services Commission (FSC) expressing support for allowing foreign investors to participate in its cryptocurrency market. This potential shift depends on local exchanges meeting stringent anti-money laundering standards before international access opens up. Currently, non-residents face considerable barriers to trading crypto in South Korea due to capital controls and real-name account requirements, limiting their involvement.