South Korea's financial regulator announced on Wednesday that it plans to issue comprehensive guidelines for institutional cryptocurrency investment in the third quarter, the Internet reported. The Financial Services Commission made the announcement during a meeting with local crypto industry experts. While investment guidance for listed companies and professional investors is expected to be available in the third quarter, the Financial Services Commission said it aims to roll out investment guidance for non-profit organizations and cryptocurrency exchanges in advance in April. The Financial Services Commission first announced in January that it would gradually lift the de facto ban on institutional investors investing in cryptocurrencies. Last month, the regulator revealed that it intends to first allow charities and universities to sell their cryptocurrency assets in the second quarter. The upcoming detailed guidance further consolidates South Korea's shift in its stance on cryptocurrencies and no longer strictly opposes the entry of cryptoassets into traditional financial markets.