South Korea’s FSC Unveils New Crypto Custody Licensing Framework for Banks
South Korea’s Banks Get the Keys to Crypto Custody: Reinventing the Vault Imagine your traditional bank safe evolving into a digital fortress. That’s exactly what South Korea’s Financial Services Commission (FSC) has set in motion: from July 1, 2024, local banks can apply for licenses to custody cryptocurrency—no external custodians needed. This regulatory shift isn’t…