Against the backdrop of "growing demand" for institutional cryptocurrency trading, South Korea's top financial regulator will begin allowing charities, universities and cryptocurrency exchanges to sell certain cryptocurrencies in the first half of this year. The Financial Services Commission reportedly announced last month that it would allow institutional investors to trade cryptocurrencies in phases. The FSC announced today that it will soon allow charities and universities to sell cryptocurrencies received as donations in the second quarter. The regulator also plans to allow South Korean cryptocurrency exchanges to sell their cryptoassets in the form of fees in exchange for cash to cover operating costs such as salaries and taxes.
In the second half of this year, the financial regulator plans to launch a pilot program allowing about 3,500 listed companies and companies registered as professional investors to open real-name investment accounts.
South Korea will allow charities and universities to sell cryptocurrency donations received in the second quarter
2025-02-13 07:33:58
Institution crypto currency exchange demand constant growth contextdesk3cryptocurrencydesktopCrypto News
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