Odaily Planet Daily News - The Financial Services Commission (FSC) of South Korea announced that, starting in June, it will allow non-profit organizations and virtual asset exchanges to sell the cryptocurrency they hold, while tightening the listing rules for exchange tokens. Non-profit organizations must meet certain conditions, including having at least five years of audited operational records and establishing a donation review committee, and can only accept tokens that are listed on at least three Korean won exchanges and must sell them immediately. The sale of cryptocurrency by exchanges is limited to raising operational funds, with a daily sales cap, and trading on their own platforms is prohibited. 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 also 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, aimed at balancing regulation with market flexibility, and plans to extend these rules to corporate and institutional investors by the end of 2025. (CoinDesk)