{"id":43619,"date":"2025-06-02T14:30:04","date_gmt":"2025-06-02T11:30:04","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=43619"},"modified":"2025-06-02T14:14:26","modified_gmt":"2025-06-02T11:14:26","slug":"south-korea-institutional-eth-sales-fsc-approval","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/south-korea-institutional-eth-sales-fsc-approval\/","title":{"rendered":"FSC Approved: Crypto Sales Begin in South Korea\u00a0"},"content":{"rendered":"<p><span data-contrast=\"auto\">World Vision Korea, one of <a href=\"https:\/\/coinengineer.net\/blog\/crypto-heist-attempt-in-south-korea-russian-national-arrested\/\"><strong>South Korea<\/strong><\/a>\u2019s leading humanitarian organizations, has made the country\u2019s first institutional<strong> Ethereum (ETH)<\/strong> sale following the new cryptocurrency regulations. The organization sold approximately <strong>0.55<\/strong> <a href=\"https:\/\/coinengineer.net\/blog\/ethereum-foundation-2-million-eth-transfer\/\"><strong>Ethereum<\/strong><\/a> through the local crypto exchange<strong> Upbit<\/strong>, earning about $1,396.5 in revenue.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This transaction took place under new regulations allowing institutional investors and <strong>non-profit<\/strong> organizations to sell crypto assets. According to Upbit\u2019s parent company Dunamu, the <strong>ETH<\/strong> was held by the organization\u2019s President, Myung-hwan.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2>FSC Approves Non-Profit Crypto Sales<\/h2>\n<p><span data-contrast=\"auto\"><strong>The Financial Services Commission (FSC)<\/strong> permitted non-profit organizations to <strong>sell crypto<\/strong> donations starting June 1. This enables organizations to quickly convert crypto assets received as donations into cash. <strong>Crypto exchanges<\/strong> will also convert the assets collected from transaction fees into fiat currency.<\/span><span data-ccp-props=\"{}\"> The crypto assets allowed for sale in <strong>South Korea<\/strong> are limited to digital currencies ranked within the top <strong>20 by market size<\/strong> on the country\u2019s five leading won-based exchanges. Additionally, exchanges are required to prevent conflicts of interest with users and minimize their impact on the market.<\/span><\/p>\n<p><span data-contrast=\"auto\">The <strong>FSC <\/strong>approved the new rules on May 20. With this step, <strong>crypto sales<\/strong> became possible for non-profit organizations. The <strong>FSC plans<\/strong> to implement more comprehensive regulations in the second half of 2025. However, transactions must use real-name accounts and comply with <strong>anti-money laundering (AML)<\/strong> regulations.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This regulation is part of <strong>South Korea\u2019s<\/strong> gradual lifting of <strong>crypto bans<\/strong>. The FSC will introduce broader rules to allow publicly traded companies to participate more easily in crypto trading. Thus, South Korea is entering an important new era in the <strong>crypto market<\/strong>. Non-profit organizations can now sell crypto donations, enabling greater resource diversification.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">YouTube<\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Vision Korea, one of South Korea\u2019s leading humanitarian organizations, has made the country\u2019s first institutional Ethereum (ETH) sale following the new cryptocurrency regulations. The organization sold approximately 0.55 Ethereum through the local crypto exchange Upbit, earning about $1,396.5 in revenue.\u00a0 This transaction took place under new regulations allowing institutional investors and non-profit organizations to<\/p>\n","protected":false},"author":36,"featured_media":36524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[17111,17113,14632,13915,17115,17112,12278,4672,17114,17108,17109,11528,17110,13622,1439],"class_list":["post-43619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-crypto-aml-rules","tag-crypto-asset-sales","tag-crypto-compliance","tag-crypto-donations","tag-crypto-fundraising","tag-crypto-market-2025","tag-crypto-policy","tag-crypto-regulations","tag-crypto-trading-south-korea","tag-ethereum-sale","tag-fsc-south-korea","tag-institutional-crypto","tag-non-profit-crypto","tag-south-korea-crypto","tag-upbit-exchange"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FSC Approved: Crypto Sales Begin in South Korea\u00a0 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/south-korea-institutional-eth-sales-fsc-approval\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FSC Approved: Crypto Sales Begin in South Korea\u00a0 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"World Vision Korea, one of South Korea\u2019s leading humanitarian organizations, has made the country\u2019s first institutional Ethereum (ETH) sale following the new cryptocurrency regulations. 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