South Korea will allow non-profit organizations and exchanges to sell virtual assets, and will implement new regulations in June to prevent speculation

Odaily Planet Daily News South Korea's Financial Services Commission announced that from June, non-profit organizations and virtual asset exchanges will be able to sell their virtual assets in accordance with the law, provided that an internal review mechanism is established and anti-money laundering reviews are strengthened. Crypto donations received by non-profit organizations must be "realized immediately" and limited to mainstream currencies on the Korean won exchange. At the same time, the government will implement new regulations from June 1, requiring newly listed currencies to have a minimum circulation volume and restricting market price commissions in the initial listing period to prevent "currency pull" and speculation on zombie coins and meme tokens. (Joseilbo)