South Korea will allow non-profit organizations to sell virtual assets with exchanges, implementing new regulations in June to prevent "coin pumping".

2025-05-04 02:38:01

According to reports from Joseilbo, the South Korean Financial Commission has announced that starting from June, non-profit organizations and virtual asset exchanges will be allowed to legally sell virtual assets they hold, provided they establish internal review mechanisms and strengthen AML reviews. The encryption donation assets received by non-profit organizations must be “immediately liquidated” and are limited to mainstream token types at KRW exchanges. At the same time, the government will implement new regulations starting from June 1, requiring newly listed tokens to have a minimum circulating supply and restricting market price orders in the initial listing phase to prevent “pump” and speculation on zombie coins and meme coins.

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