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

According to Golden Finance, the Financial Services Commission (FSC) of South Korea recently announced that it has finalized draft guidelines that will allow domestic non-profit companies and virtual asset exchanges (exchanges) to sell their holdings of virtual assets from June 2025, subject to compliance with specific rules. According to the new regulations, eligible non-profit organizations (such as those subject to external audits or establishing internal donation review committees) can sell virtual asset donations received (requiring immediate redemption and limited to mainstream assets), and transactions must be conducted through domestic Korean won exchange accounts. Registered virtual asset exchanges are allowed to sell some of their own held virtual assets (limited to the top 20 mainstream assets by market value) to pay for operating expenses, but have daily sales limits and are prohibited from selling through their own trading platforms. At the same time, FSC plans to establish customer verification measures for virtual asset trading 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 "listing pull") and address market instability risks brought by "zombie coins", "Meme coins", etc. 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.