PANews reported on May 5 that the Financial Services Commission (FSC) of South Korea recently announced that it has finalized the draft guidelines, which will allow domestic non-profit companies and virtual asset exchanges (exchanges) to sell their virtual assets holdings starting in June 2025, subject to compliance with specific rules.
According to the new regulations, non-profit organizations that meet the requirements (such as external audits and internal donation review committees) can sell virtual asset donations received (immediate redemption is required and only mainstream assets are allowed), and transactions must be conducted through domestic won exchange accounts. Registered virtual asset exchanges are allowed to sell some of their own virtual assets (only the top 20 mainstream assets by market value) to pay for operating expenses, but there is a daily sales limit and sales through their own trading platforms are prohibited.
At the same time, the 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 best practice rules for trading support (currency listing) to prevent market manipulation (such as "currency listing pump") and respond to the market instability risks brought by "zombie coins" and "meme coins". 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.
