PANews May 21 news, according to CoinDesk, the South Korean Financial Services Commission (FSC) announced that starting in June, it will allow non-profit organizations and virtual asset exchanges to sell the cryptocurrencies they hold, while tightening the listing rules for exchange tokens. Non-profit organizations must meet conditions such as having at least five years of audited operational records and establishing a donation review committee, and can only accept tokens listed on at least three KRW exchanges that must be sold immediately.
Exchanges selling cryptocurrencies are limited to raising operational funds, with a daily sales limit and a prohibition on trading through their own platforms. Only tokens within the top 20 by market capitalization are allowed for trading, and they must comply with anti-money laundering standards. The FSC is simultaneously strengthening the review of new listings, requiring local exchanges to filter out 'zombie coins' with low trading volume or market capitalization, and setting higher listing thresholds for meme coins based on user base or trading history, to curb price volatility and enhance investor protection. The FSC stated that the new regulations are an adjustment of policies following the 2017 ban on institutional trading of cryptocurrencies, aiming to balance regulation with market flexibility, and plans to extend the rules to corporate and institutional investors by the end of 2025.