Binance: South Korea needs clear crypto rules to attract institutions

A clear regulatory framework is the key condition for attracting institutional investors to South Korea, said Catherine Chen, head of institutional at Binance, speaking at the Binance Blockchain Study (BBS) event in Seoul, TokenPost reported. She explained that due to the nature of institutions handling client funds, significant regulatory uncertainty makes market entry difficult. Chen added that an environment with consistent rules is more advantageous than one with no regulations at all. She noted that in the past, some countries suppressed innovation with excessive regulation, which ultimately led to capital and companies moving overseas, suggesting that South Korea should take note of these precedents.