Regulatory Alerts2025-05-02 | 84489FSC Allows Non-profit Corporations and Exchanges to Sell Virtual Assets from June
The Financial Services Commission finalized guidelines permitting non-profit corporations and virtual asset exchanges to sell virtual assets starting in June to facilitate proper asset disposal and operational funding. The regulations impose strict internal controls, limit eligible assets to those traded on at least three Korean won-based exchanges, and mandate anti-money laundering safeguards including real-name account issuance. Additionally, revised best practice guidelines will restrict listing pumps and indiscriminate listings of low-value tokens to enhance market stability and protect investors.
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