Seeds of Wisdom RV and Economic Updates Thursday Afternoon 1-9-25
Good Afternoon Dinar Recaps,
SOUTH KOREA TO ALLOW CORPORATE FIRMS TO INVEST IN CRYPTO: WHAT’S NEXT?
▪️FSC’s new policy allows businesses to participate in digital asset investments legally.
▪️FSC proposes raising stock ownership limits for companies from 5% to 15%.
▪️Over 30% of South Koreans actively trade cryptocurrencies, indicating significant market growth.
South Korea is preparing for a big shift in its approach to cryptocurrency. The Financial Services Commission (FSC) has announced plans to let corporations invest in digital assets. This decision could create new opportunities for businesses and give the country’s crypto industry a significant boost.
New Rules for Corporate Investments
Right now, companies in South Korea face strict rules on cryptocurrency investments, including challenges in opening real-name accounts. To change this, the FSC plans to start by allowing non-profit organizations to invest in digital assets under a regulated framework.
FSC Director Kwon Dae-young highlighted the importance of clear standards for listing cryptocurrencies and enforcing rules for virtual asset exchanges. This initial phase will help create a safer and more structured environment for investments.
Building a Safer Crypto Market
The FSC is also working on broader rules for issuing and trading digital assets. The goal is to make the process more transparent and secure while supporting innovation in the market.
To protect investors, the FSC plans to limit market participation to trustworthy companies. This includes introducing shareholder eligibility checks, requiring social credit ratings, and setting stricter guidelines for risky assets like meme coins.
Beyond cryptocurrency, the FSC is looking to make other financial reforms. One key proposal is raising the limit on how much stock companies can own in non-subsidiaries, increasing it from 5% to 15%. This change aims to give businesses more flexibility and control.
South Korea’s Growing Crypto Influence
South Korea’s decision to embrace corporate crypto investments shows its growing recognition of digital assets. While the global market faces challenges, the country is positioning itself as a leader in innovation.
Earlier, CoinPedia reported that the Bank of Korea, established under the Virtual Asset User Protection Act, disclosed that more than 30% of South Korea’s population is now engaged in crypto trading.
By opening its doors to corporate crypto investments, South Korea is setting a precedent that could inspire other nations to follow suit.
@ Newshounds News™
Source: Coinpedia
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DOJ CLEARED TO SELL $6.5B SILK ROAD BITCOIN – NO MORE U.S. BTC RESERVE?
Wallets holding the seized BTC from Silk Road were intact at the time of writing.
▪️DOJ has reportedly approved the sale of seized 69K BTC, which Trump planned to repurpose for strategic reserve.
▪️No seized BTC had been moved from key wallets as of this writing.
Crypto Twitter has been abuzz with speculation that the U.S. Department of Justice (DOJ) greenlighted the sale of 69K Bitcoins [BTC], worth $6.5B, seized from Silk Road.
The update was first shared by media publisher DB News, citing a U.S. official.
In an X (formerly Twitter) post dated the 9th of January, the publisher stated,
“The U.S. Govt has been given the greenlight to liquidate 69,000 BTC ($6.5B) from Silk Road, an official confirmed to DB News today. Interesting situation less than 2 weeks away from the new admin who vowed to not sell.”
What’s next for U.S. BTC strategic reserve?
Market sentiment has always been impacted whenever updates on the U.S. government’s movement of BTC surface.
Given that President-elect Donald Trump pledged to form a U.S. BTC strategic reserve (SBR) using the above seized BTC, potential actions are even more scrutinized by the market.
Some community members speculated that the seized BTC had already been sold through a ‘credit line.’ One user claimed,
“The “seized BTC” that was meant to be used for a ‘strategic reserve’ [under the Trump administration] was sold off already, with a credit line sanctioned by Coinbase.”
Some flagged the update as FUD. In fact, Arkham data showed no balance decline in wallets linked to seized BTC at press time.
However, if true, the sale could happen before Trump’s presidential inauguration. According to some market experts, even such a scenario wouldn’t massively detour BTC.
Glassnode founders clarified that such a sale wouldn’t happen through exchanges but through OTC (over-the-counter) markets. So, it won’t suppress the king coin.
On his part, CryptoQuant founder Ki Young Ju downplayed the panic, reinforcing that the potential $6.5B sell-off could be smoothly absorbed by the market. He said,
“Last year, $379B entered the market based on realized cap—roughly $1B per day. The U.S. govt selling $6.5B could be absorbed in just a week. Do not panic.”
All said, prediction sites like Polymarket and Kalshi priced a +40% chance of a U.S. BTC strategic reserve in 2025.
However, at press time, the odds of that happening in the first 100 days of the new administration declined from 34% to 27%.
@ Newshounds News™
Source: AMB Crypto
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