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South Korea sees first institution sell crypto holdings since ban lift

jingji53 by jingji53
06/02/2025
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On June 1st, 2025, South Korea’s Financial Services Commission (FSC) allowed qualified non – profit organizations and registered crypto exchanges to sell their held crypto assets.

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On the same day, World Vision Korea sold 0.55 ETH (worth about $1396.5) on the Upbit exchange, becoming the first institution to sell crypto assets since the phased lifting of the ban on institutional crypto trading in South Korea.

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The FSC plans to further allow publicly – listed companies and registered professional investors to trade crypto in the second half of 2025, which indicates a shift in South Korea’s stance towards crypto, moving away from a strict opposition to allowing crypto assets to enter the traditional financial market.

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  • Yuga Labs sells Moonbirds IP to Orange Cap Games 06/02/2025
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