South Korea has also begun to implement stringent regulations on the cryptocurrency market, requiring cryptocurrency exchanges and non-profit organizations to comply with strict KYC requirements. Unlike the University of Tokyo, which completely banned cryptocurrency trading in 2015 and expelled exchanges, the mainstream coins like BTC experienced a continuous rise after that.

The main contents of the regulatory document from the South Korean Financial Services Commission (FSC) are as follows:

1. Non-profit organizations may sell cryptocurrencies obtained through donations or sponsorships, but only for cryptocurrencies traded on at least three Korean Won exchanges.

2. Exchanges may settle user fees paid in cryptocurrency, limited to the top 20 cryptocurrencies by market capitalization on five Korean Won exchanges.

3. Companies will gradually be allowed to buy, sell, and hold crypto assets, lifting the ban on local institutions trading cryptocurrencies.

In summary, this is positive news, with the main goal being to strengthen customer verification processes, reduce financial risks such as money laundering, and promote the healthy development of the cryptocurrency industry.

Additionally, for MEME COINS, trading standards will be established, only allowing meme coins with a cumulative trading volume reaching a certain scale to be listed, in order to stabilize the virtual asset market.

MEME coins are similar to the ICOs of previous years, but while the University of Tokyo implemented a one-size-fits-all approach, South Korea is gradually improving its regulations.