#EUPrivacyCoinBan News Update: South Korea Tightens Rules on Crypto Sales by Nonprofits

Starting this June, South Korea’s Financial Services Commission will roll out new rules around virtual assets. Nonprofit organizations and crypto exchanges will now be allowed to sell digital assets—but only if they follow stricter internal checks and anti-money laundering measures.

Donated crypto must be quickly converted into cash, and trades must happen on Korean-won exchanges using major cryptocurrencies only.

Plus, any new tokens listed from June 1 must meet certain minimum circulation standards, and early-stage market orders will face restrictions. These updates are aimed at stopping shady tactics like pump-and-dump schemes and reducing the rise of hype-driven tokens.

Note: This is not financial advice. Always do your own research.#Write2Earn