TechFlow news — On February 13, according to The Block, the Korea Financial Services Commission (FSC) announced that South Korea will allow charitable organizations, universities, and cryptocurrency exchanges to sell portions of their held cryptocurrencies starting in the second quarter of this year.
In addition, the FSC plans to permit local crypto exchanges to sell digital assets received as fee income in order to cover operating expenses such as salaries and taxes. However, to prevent potential conflicts of interest with users arising from large-scale sales by exchanges, these measures will be rolled out gradually and implemented only after a unified "sales guideline" is established among operators.
According to the plan, a pilot program allowing approximately 3,500 listed companies and professional investors to open real-name accounts for investment purposes will be launched in the second half of this year.
