The organization of humanitarian aid World Vision Korea is the first non -profit organization that sold crypto in South Korea after the country introduced novel rules regarding institutional cryptographic trade.

World Vision Korea sold 0.55 ether (ETH), worth about 1.98 million wins (USD 1436) to Upbit, According to to a statement of June 1 from Dunam, the home company of the cryptographic exchange.

The ether, which was stored by the chairman of Myung-Hwan, was handed over as a result of the campaign in March, who asked UPBIT users to provide cryptocurrencies for facilitate in adverse youth who cannot afford school subjects such as uniforms and bags.

During the meeting on May 20, Financial Korea South Korea updated its rules to enable non -profit organizations and virtual activities of assets sell Cryptocurrencies in accordance with novel conformity standards.

UPBIT, the largest exchange in the country according to the volume, volume dropped by 34%, falling from $ 561.9 billion in the fourth quarter of 2024 to $ 371 billion in the first quarter of this year, among the broader slowdown of the market, According to Until the April Coingecko report.

FSC, to later allow public companies to trade crypto

From June 1, non-profit organizations in this country can now sell crypto, which they have received via donations, while exchanges can liquidate the fees of users paid in cryptography, provided that accounts are used, and others are used by the client and washing regulations.

Non -profit organizations must have at least five years of financial history control to receive and sell cryptographic donations, while exchanges can only sell cryptographic operating costs, constrained to daily limits.

This year, FSC will allow companies and trade entities registered as professional investors for the purchase and sale of cryptocurrencies.

It is estimated that over 16 million investors, about a third of South Korea’s population, have cryptographic accounts.

Related: South Korea sanctions upbit with a 3-month ban on servicing novel customers

South Korean public officials also reported and investing in cryptographic. The Country Ethics Committee for government officials revealed on March 27 that 20% of the surveyed public officials have 14.4 billion wins ($ 9.8 million) in cryptography, representing 411 of 2,047 officials subjected to the requirements to reveal information to maintain cryptographic assets.

Cryptographic trade exploded in South Korea in 2017, the act partly through anonymous accounts of companies, foreigners and minors; However, the financial authorities responded, requiring the exchange of cryptocurrencies to cooperate with domestic banks and offering FIAT services only via verified accounts.

Warehouse: Korea, to raise corporate cryptographic ban, beware of HDS: Asia Express cryptocurrency