PANews
PANews|May 21, 2025 09:10
South Korea will allow non-profit organizations and exchanges to sell cryptocurrencies under new FSC rules According to CoinDesk, the Financial Services Commission (FSC) of South Korea announced that it will allow non-profit organizations and virtual asset exchanges to sell their holdings of cryptocurrencies starting from June, while tightening the rules for listing exchange tokens. Non profit organizations must meet the requirements of auditing operational records for at least five years, establishing a donation review committee, and can only accept tokens listed on at least three Korean won exchanges and must sell them immediately. The sale of cryptocurrencies on the exchange is limited to raising operating funds, with a daily sales limit and a ban on trading through its own platform. Only the top 20 circulating tokens are allowed to trade, and anti money laundering standards must be followed. FSC synchronously strengthens the listing review, requiring local exchanges to filter out "zombie coins" with low trading volume or market value, and set higher listing thresholds for meme coins such as user base or trading history to suppress price fluctuations and strengthen investor protection.
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