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Korea Financial Commission: Starting from June, non-profit organizations and exchanges can sell virtual assets under specific rules "

Online reports that the South Korean Financial Services Commission (FSC) recently announced that it has finalized draft guidelines, which will allow domestic non-profit companies and virtual asset exchanges (exchanges) to sell virtual assets they hold starting from June 2025. According to the new regulations, qualified non-profit organizations (such as subject to external audits and setting up an internal donation review committee) can sell virtual asset donations they receive (requiring immediate redemption and only mainstream assets), and transactions must be conducted through a domestic Korean won exchange account. Registered virtual asset exchanges are allowed to sell some of their own virtual assets (only the top 20 mainstream assets by market capitalisation) to pay operating expenses, but they have a daily sales limit and are prohibited from selling through their own trading platforms. At the same time, the FSC plans to establish customer verification measures for virtual asset transactions between non-profit organizations and exchanges by the end of May, and is revising the best practice rules for transaction support (listing) to prevent market manipulation (such as "listing") and deal with market instability risks brought by "zombie coins" and "Meme coins". In addition, it is planned to allow the issuance of real-name accounts to listed companies and registered professional investors in the second half of the year.

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