South Korea’s financial regulator has announced new crypto rules that will allow non-profit organizations and virtual asset exchanges to sell digital assets starting in June. This move reverses a 2017 ban and marks a major shift in the country’s approach to cryptocurrency regulation. The Financial Services Commission aims to balance tighter oversight with greater operational freedom for approved entities.

Non-profits must meet strict conditions including five years of audited activity and a dedicated internal committee for reviewing donations. They can only accept crypto listed on at least three Korean won-based exchanges and must sell donated assets immediately. Exchanges will also be allowed to sell crypto but only to raise operating funds with daily limits and cannot use their own platforms.

Only the top 20 cryptocurrencies by market value traded on major Korean exchanges will be allowed for sale. All transactions must follow anti-money laundering rules. New listing standards will also push exchanges to delist low-volume tokens and raise the bar for memecoin approvals to protect investors.

Source