TechFlow news, May 4 — According to Joseilbo, South Korea's Financial Services Commission announced on May 4 that, starting June this year, non-profit corporations and virtual asset exchanges will be permitted to sell virtual assets. Under the latest guidelines, externally audited corporations with over five years of operating history may conduct virtual asset transactions, provided they establish an internal "Donation Review Committee." Virtual assets received by non-profit corporations must be immediately converted into cash and must only involve assets listed on three or more won-based exchanges. For exchanges, sales are restricted to operational expenses only and must comply with daily trading limits to minimize market impact. The new rules will take effect from June 1, aiming to regulate market order and prevent risks such as "delisting crashes."
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