According to PANews on May 5, 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 held virtual assets starting in June 2025, provided they comply with specific rules.
According to the new regulations, eligible non-profit organizations (for example, those that require external audits and establish internal donation review committees) can sell the virtual asset donations they receive (requiring immediate cash-out and limited to mainstream assets), and transactions must be conducted through domestic won exchange accounts. Registered virtual asset exchanges are allowed to sell a portion of their own holdings of virtual assets (limited to the top 20 mainstream assets by market capitalization) to cover operational 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 (listing) to prevent market manipulation (such as 'pump and dump') and to address the market instability risks brought by 'zombie coins', 'meme coins', etc. In addition, there are plans to allow real-name accounts to be issued to listed companies and registered professional investors in the second half of the year.