#SouthKoreaCryptoPolicy South Korea has finalized new cryptocurrency regulations targeting nonprofit organizations and digital asset exchanges. The Financial Services Commission (FSC) confirmed that the new rules will take effect in June. These updates come as the country prepares to allow institutional investors into the market.

Tighter Rules for Nonprofit Crypto Sales Begin in June

The updated guidelines require nonprofits to meet strict standards before accepting or selling digital assets. Entities must provide five years of audited financial records and form internal Donation Review Committees. These measures improve accountability and prevent illegal financial activities like money laundering.