South Korea Approves Foreign Crypto Investments, with AML Emphasis

South Korea is taking a significant step towards opening its doors to foreign crypto investments. Following a year-long focus on strengthening its regulatory framework for the digital asset space, the nation’s Financial Services Commission (FSC) has signaled its intention to allow overseas companies to invest in domestic crypto assets. This comes amidst heightened scrutiny of AML compliance with exchanges such as Bithumb required to implement stricter measures to combat money laundering.