South Korea has officially brought an end to a nine-year-long prohibition on cryptocurrency activities, overturning a ban that had been in place since 2017. This significant policy shift marks a new era for digital assets in the country.

Under the new regulations, corporations are now permitted to enter the crypto market actively. Companies can invest up to 5% of their equity into the top 20 cryptocurrency assets by market capitalization.

Market analysts anticipate that this move will have a substantial impact, potentially driving an influx of tens of trillions of won into the digital asset market as corporate capital begins to flow into the sector.