World Vision Korea, a South Korean nonprofit organization, becomes the first investor to sell cryptocurrency assets after the ban is lifted
ChainCatcher news, as South Korea gradually lifts the de facto ban on institutional cryptocurrency trading, the non-profit organization World Vision Korea has become the first non-retail investor to sell cryptocurrency assets after the ban was lifted. The organization sold 0.55 ETH (approximately $1,396.5) on the local exchange Upbit on Sunday, with the transaction announced by Upbit's parent company Dunamu.The South Korean Financial Services Commission (FSC) previously announced that starting from June 1, eligible non-profit organizations and registered exchanges can sell held cryptocurrency assets on local trading platforms, with sources including donations and fee income. The FSC also plans to further open trading permissions for listed companies and professional investment institutions in the second half of 2025.This Tuesday, South Korea will hold a presidential election, with all three main candidates promising to develop the cryptocurrency asset industry and support the launch of the first spot cryptocurrency ETFs.