Guess what? South Korea's opening doors for crypto in a big way! A major humanitarian org, World Vision Korea, just made history as the first nonprofit to sell crypto after the country's updated rules went live. They sold some ETH to help underprivileged kids—talk about crypto for good!
The government's Financial Services Commission (FSC) is now letting nonprofits sell donated crypto and exchanges can liquidate crypto user fees, provided they follow strict KYC and AML rules. Plus, later this year, even public companies and professional investors will be able to trade crypto. With over a third of South Korea's population already holding crypto, this could be huge! 🔥
Even public officials are getting in on the action, with some reporting crypto holdings. It’s clear crypto is becoming mainstream in South Korea. Are you keeping an eye on this trend?
Discover more content like this!
