The wave of deregulation in South Korea's cryptocurrency market: Non-profit organizations take the lead, bringing new opportunities to the cryptocurrency industry!
As South Korea gradually relaxes restrictions on institutional cryptocurrency trading, the non-profit organization World Vision Korea has become the first non-retail investor to sell cryptocurrency assets after the ban was lifted, attracting widespread attention from the market. This Sunday, the organization sold 0.55 Ethereum (ETH) on the well-known local exchange Upbit, amounting to approximately $1,396.5. This transaction was officially announced by Upbit's parent company, Dunamu, marking the first significant action in South Korea's cryptocurrency market following the policy easing.
The South Korean Financial Services Commission (FSC) previously announced that starting June 1, eligible non-profit organizations and registered exchanges can sell held cryptocurrency assets on local trading platforms. The sources of these assets include donations and fee income. The FSC also revealed plans to further expand trading permissions in the second half of 2025, allowing listed companies and professional investment institutions to participate in cryptocurrency asset trading, which will undoubtedly inject new vitality into South Korea's cryptocurrency market.
Meanwhile, the political climate in South Korea has also brought good news for the cryptocurrency industry. This Tuesday, South Korea will hold a presidential election, and all three major candidates have clearly expressed their support for the development of the cryptocurrency asset industry, promising to promote the launch of the first spot cryptocurrency ETFs. This political consensus provides strong policy support for the future development of the cryptocurrency market.
As South Korea gradually relaxes restrictions on the cryptocurrency market, more and more institutions and investors are beginning to pay attention to this field. The actions of the non-profit organization World Vision Korea not only provide a reference for other institutions but also open up new paths for the diversification of the cryptocurrency market. In the future, with the participation of more listed companies and professional investment institutions, South Korea's cryptocurrency market is expected to achieve greater breakthroughs and become an important player in the global cryptocurrency industry.
The series of reforms in South Korea's cryptocurrency market has not only brought new opportunities for investors but also injected confidence into the entire industry's development. With the dual push of policy support and market openness, South Korea's cryptocurrency industry is standing at a new starting point, and future development looks promising.
