The Financial Services Commission of South Korea will allow non-profit organizations to sell cryptocurrencies on exchanges starting from June

According to Foresight News, the Financial Services Commission (FSC) of South Korea has announced the final determination of guidelines for non-profit companies and virtual asset exchanges to sell virtual assets. Starting from June 2025, non-profit organizations can sell cryptocurrencies obtained through donations, and donated virtual assets must be immediately monetized after the donation; Exchanges can liquidate encrypted assets in user fees, and subsequent disclosure of the results of virtual asset sales and the use of proceeds will also be enforced. To prevent money laundering risks, FSC requires exchanges and banks to strengthen KYC checks on the sources of funds and transaction purposes of new institutional clients, and to monitor the money laundering behavior of institutions and CEOs.