Regulation· ★★· bearish·

South Korea's LogisMon removes crypto and blockchain businesses from charter

  • —Five blockchain business lines removed, including R&D, platform and investment
  • —Digital exchange, e-money and currency exchange clauses also deleted
  • —Stated reason: removal of virtual-asset-related business purposes
  • —LogisMon shares traded at 115 won, up 7.48% on the day
Why it matters: A listed company exiting crypto entirely highlights regulatory pressure and waning appetite for blockchain ventures in South Korea.
Source: Digital Today
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