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

[South Korea Financial Committee: Non-profit organizations and exchanges can sell virtual assets under specific rules starting in June] The South Korean Financial Services Commission (FSC) recently announced that it has finalized a draft guideline, 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, eligible non-profit organizations (such as those required to undergo external audits and establish internal donation review committees) can sell the virtual asset donations they receive (which must be immediately liquidated and limited to mainstream assets), with transactions conducted through domestic Korean won 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 cover operating expenses, but there is a daily sales limit, and sales through their own trading platforms are prohibited. At the same time, 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 trading support (listing) to prevent market manipulation (such as “pump and dump”) and address the market instability risks posed by “zombie coins” and “meme coins.” Additionally, 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.