South Korea witnessed the first sale of institutional assets after the start of lifting the ban on institutional encryption transactions. The positive development came two days before the sudden presidential elections, to be held on June 3, 2025.
The first sales of institutional encryption in South Korea
On Sunday, the South Korean World Vision has sold digital assets by the country in the country. in statement From Dunamu, the parent company of UPbit, Crypto Exchange announced that it has supported the first historical sale of 0.55 ETHER (ETH) by a company of 1.98 million WNA, equivalent to $ 1,437.
Starting June 1, 2025, non -profit organizations, including charities and universities, are allowed to sell encryption holdings through local stock exchanges as part of the road map of the Financial Services Committee (FSC) for companies to participate in the digital asset market.
In February, the FSC virtual assets committee announced that it will gradually prohibit institutional investment in digital assets by allowing the creation of real name accounts for institutions, starting with non -profit organizations in the second quarter of 2025.
In South Korea, accounts with a real name for encryption investments are required with the accounts that have completed this verification under the specific financial transactions law that is allowed to invest in digital assets. However, FSC has led banks not to issue these accounts to companies, which limits the trading of institutional encryption despite the lack of legal barriers or official ban.
Dunamu also revealed, World Vision was able to connect the KNK account with its depth account and successfully sold ETHEREUM to donate three months ago through the KRW market on the stock exchange.
Dunamu and non -profit conducted a campaign to donate digital assets in March, as Upbit users to buy school uniforms, backpacks and other basic elements needed for the new academic year for weak adolescents who are struggling to bear their costs.
The parent company APBIT has revealed its plan to continue supporting non -profit organizations to sell its digital assets that were received as donations with “adherence to the instructions established by the financial and industry authorities to create a culture of donating health assets.”
In addition, it announced that it is preparing for the second stage of the FSC road map, where the qualified companies circulating for the public and professional investors will be allowed to reach the digital asset market in the third quarter of 2025.
A new era for digital assets?
This main development of the South Korean encryption industry will follow the presidential elections on June 3 to replace President Yun Suk Yol, who tried to declare martial law in December 2024.
Despite the result, it is expected that the investors of digital assets in the country will benefit, as the two main candidates pledged to implement industry friendly policies to capture approximately 18 million people investing in digital assets in South Korea.
As Bitcoinist said, the People Power Party (PPP), Kim Moon-SOO, announced that it will allow the money circulating in the Crypto (ETFS) exchange if he wins. Kim pledged to pressure to agree to investment products based on digital assets and other financial policies to increase the accumulation of wealth for the middle class.
Kim camp was martyred in the increasing number of digital asset investors in young generations as a decisive factor for integrating immediate traded investment funds and the Digital Asset Corporation in the list of pledges.
Meanwhile, Lee Jay Meong, the Democratic Party candidate in Korea (DPK), has pledged to enter the investment funds circulating for immediate encryption and low tax transactions taxes in the country.
Lee promised to “establish a safe investment environment for assets by creating an integrated monitoring system” and “expanding the cryptocurrency market while enhancing investor protection at the same time.”
Ethereum's performance in the one-week chart. Source: ETHUSDT on TradingView
Distinctive photo of Unsplash.com, Chart from Tradingview.com
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