South Korea will allow non-profit organizations and exchanges to sell virtual assets, and will implement new regulations in June to prevent "currency listing and price manipulation"

According to Joseilbo, the Korean Financial Services Commission announced that starting from June, non-profit organizations and virtual asset exchanges will be legally allowed to sell their held virtual assets, provided they establish an internal review mechanism and strengthen anti-money laundering checks. Crypto donation assets received by non-profit organizations must be "immediately converted" and are limited to mainstream cryptocurrencies on Korean won exchanges. At the same time, the government will implement new regulations from June 1st, requiring newly listed cryptocurrencies to have a minimum circulation volume and restricting market price orders during the initial listing period to prevent "coin pumping" and speculation in zombie and meme coins.