On May 4, the Financial Services Commission of South Korea announced that from June this year, non-profit organizations and virtual asset exchanges will be allowed to sell virtual assets. According to the latest guidelines, external audit entities with more than 5 years of business history can engage in virtual asset transactions, but must establish an internal "donation review committee." The virtual assets received by non-profit organizations must be converted to cash immediately and are limited to assets listed on more than three KRW exchanges. For exchanges, sales are limited to operational expenses and must comply with daily trading limits to minimize market impact. The new regulations will take effect on June 1, aiming to regulate market order and prevent risks such as "listing flash crashes."

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