🇰🇷 South Korea's First Crypto Sale Post-Ban
South Korea witnessed a landmark event as World Vision Korea became the first non-retail investor to sell its cryptocurrency holdings. This comes as the country lifts its institutional ban on crypto trading. The humanitarian organization sold 0.55 ETH on the Upbit exchange. Initially, the FSC allowed non-profits and registered exchanges to sell crypto, with plans to further open trading to publicly listed companies and professional investors by late 2025. The political climate is also leaning towards crypto expansion, as seen in the presidential election promises to back digital asset growth.
FAQ
❓ Who was the first to sell crypto post-ban in South Korea?
World Vision Korea was the first to sell crypto following the lift of the ban.
❓ What are the future plans for crypto trading in South Korea?
South Korea plans to allow trading by public companies and professional investors by late 2025.