TechFlow, September 5 — According to News 1, South Korean exchange Coinone sold approximately 4.356 billion KRW (about 3.09 million USD) worth of virtual assets to Upbit and Korbit between August 8 and August 31. Benefiting from price increases, Coinone realized an additional profit of around 200 million KRW. This sale complies with the "Roadmap for Corporate Participation in the Virtual Asset Market" announced in February by the Financial Services Commission of South Korea, which permits non-profit organizations and exchanges to liquidate virtual assets for personnel expenses and tax payments. Coinone stated that the proceeds will also be used to cover other operational costs.
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