An individual investor in South Korea has made history by donating 1 Bitcoin to the Korean Red Cross, marking the first virtual asset donation from an individual since regulatory changes allowed non-profits to liquidate such contributions. Mr. Kim, the donor, contributed the BTC, which will be immediately converted to fiat currency. The Korean Red Cross will use the proceeds from the Bitcoin liquidation for disaster relief efforts in flood-affected regions and to provide medical assistance to vulnerable populations. This initiative follows the Financial Services Commission's June approval for non-profit organizations to trade virtual asset donations for liquidation purposes, ensuring transparency and efficient utilization of the funds. This donation signals a growing acceptance of cryptocurrency for charitable giving and highlights the potential for virtual assets to contribute to humanitarian causes. The Red Cross's immediate liquidation policy reflects a cautious approach to managing volatile crypto assets while maximizing their impact on urgent needs. ```

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