South Korea's Financial Services Commission to Allow Institutions to Sell Digital Asset Donations and Expand Cryptocurrency Services

The Financial Services Commission (FSC) in South Korea is preparing to allow institutions to sell their digital asset donations and direct banks to provide more services to cryptocurrency firms. Charities and universities in South Korea will be permitted to sell their crypto donations starting in the second half of 2025. The FSC had previously prohibited institutions from opening accounts on cryptocurrency exchanges. A pilot program will be implemented to allow 3,500 corporations and professional investors to open "real-name" accounts in the first half of the year before being able to sell their assets. This decision by the regulator is a positive step towards crypto adoption, as corporate virtual asset transactions have been restricted in South Korea since 2017. The FSC also intends to allow cryptocurrency exchanges to sell their crypto holdings, including user-generated fees.