South Korea's Financial Commission: From June, non-profit organizations and exchanges can sell virtual assets under specific rules.

[Korea Financial Commission: From June, non-profit organizations and exchanges can sell virtual assets under specific rules] The Korea Financial Services Commission (FSC) recently announced that it has finalized the draft guidelines, which will allow domestic non-profit companies and virtual asset exchanges (exchange) to sell their held virtual assets starting from June 2025, provided they comply with specific rules. According to the new regulations, qualified non-profit organizations (such as those required to undergo external audits and establish internal donation review committees) can sell virtual asset donations received (with the requirement for immediate cashing and limited to mainstream assets) through domestic KRW exchange accounts. Registered virtual asset exchanges are allowed to sell a portion of their own held virtual assets (limited to the top 20 mainstream assets by market capitalization) to pay for operating expenses, but are subject to a daily sales limit and are prohibited from conducting sales through their own trading platforms. At the same time, FSC plans to establish customer verification measures for virtual asset transactions between non-profit organizations and exchanges before the end of May, and is revising best practice rules for trading support (listing) to prevent market manipulation (such as “listing pump”) and address the market instability risks brought by “zombie coins,” “Meme coins,” etc. In addition, there are plans to allow the issuance of real-name accounts to listed companies and registered professional investors in the second half of the year.