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South Korea FSC: Local exchanges will open up for foreign investors' encryption trading after improving AML.
According to the Gate.io News bot and a report by TheBlock, Kim Sung-jin, head of the virtual assets department of the Financial Services Commission (FSC) of South Korea, announced that the regulatory body plans to open the South Korean crypto assets market to foreign investors. The implementation of this policy is conditional on local crypto exchanges establishing a comprehensive anti-money laundering (AML) system.
Currently, due to the restrictions of real-name accounts and KYC regulations, foreign investors are unable to trade crypto assets in South Korea.