South Korea's first institutional coin sale transaction took place, and the ban on institutional crypto trading was gradually lifted
PANews reported on June 2 that, according to The Block, South Korea's humanitarian aid organization World Vision Korea sold 0.55 ETH through the Upbit exchange, becoming the first non-retail institution to complete the sale of coins since South Korea lifted the ban on institutional crypto trading. The Financial Services Commission (FSC) has allowed compliant non-profit organizations and registered exchanges to sell their crypto holdings since June 1. The FSC plans to further ease its policy in the second half of this year, allowing listed companies and professional investment institutions to participate in crypto trading.
0
14.76K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.