#SouthKoreaCryptoPolicy Starting from June 2025, non-profit organizations and cryptocurrency exchanges in South Korea will be allowed to trade digital assets without transaction fees. This groundbreaking policy was finalized at a recent meeting of the Virtual Assets Committee in Seoul, marking a turning point for the South Korean crypto sector.
The Financial Services Commission (FSC) has completed the development of a draft of new guidelines for trading virtual assets, aimed at supporting transparent cryptocurrency donations and ensuring compliance with anti-money laundering (AML) regulations. These cryptocurrency rules will enable registered non-profit organizations to more effectively accept cryptocurrency donations while strengthening South Korea's crypto regulatory framework.
The main goals of the FSC are to promote ethical donation practices and mitigate financial crimes. As crypto assets such as Bitcoin and Ethereum gain popularity in South Korea, including use cases like crypto investing and online gaming through Bitcoin casinos, regulating donations becomes more important than ever.
According to the Korea Blockchain Association, in 2024, the volume of cryptocurrency donations in South Korea increased by 38%, totaling over 190 billion won (approximately 140 million USD). This surge in crypto philanthropy highlights the importance of creating secure and transparent frameworks for dealing with virtual assets.
'Guidelines for non-profit organizations receiving and selling virtual assets were developed in collaboration with relevant institutions and experts. The focus is on fostering a healthy donation culture and preventing money laundering,' said the official FSC statement.
Cryptocurrency analyst Yoon Ji-soo commented: 'These measures for cryptocurrency compliance provide clarity and create a foundation for ethical fundraising in the digital age. For non-profit organizations, this opens doors for international donors and transparency based on blockchain.'