South Korea's Financial Services Commission (FSC) has decided to postpone its decision on allowing corporate accounts for cryptocurrency trading, following discussions in the second Virtual Asset Committee meeting. The FSC is finalizing its policy review on corporate investments in digital assets, which has been debated extensively through subcommittees and task forces. Although there is no formal ban on these accounts, banks have been guided against issuing them. The review process is nearing completion, and a report is expected soon. Additionally, the FSC is focusing on regulatory gaps in crypto asset issuance and creating a framework for stablecoin rules and other related transactions. The meeting also addressed enforcement measures against local exchange Upbit for potential Know Your Customer violations. Overall, the FSC is striving for comprehensive legislation to protect crypto investors and regulate the market.

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