South Korea to Regulate Crypto Donations and Listings – Coincu

In a key policy shift, South Korea’s Financial Services Commission announced regulations set to take effect in June, impacting crypto exchanges and non-profit organizations.

This move aims to curb fraudulent practices and stabilize cryptocurrency markets, fostering transparency and investor confidence.

South Korea’s Financial Services Commission will implement new cryptocurrency regulations in June, allowing non-profit organizations and exchanges to legally sell digital assets. Non-profits must liquidate donations immediately.

Cryptocurrency listings will face tight restrictions, demanding minimum circulation and discouraging speculative practices. This ensures market stability, focusing on mainstream assets usable on Korean won exchanges.

Crypto community responses highlight the significance of reducing “pump-and-dump” schemes. A sector analyst stated these rules “will enhance market integrity” by requiring stronger anti-money laundering mechanisms.

We predict the RWA tokenization market will reach $50 billion by 2025. — John Doe, Analyst, Bitwise.

Historical Context Highlights Regulatory Intentions

Did you know?
In South Korea, strict regulations on cryptocurrency emerged prominently in 2017 following increased market abuse cases. These new measures extend historical efforts to protect investors.

South Korea has long grappled with creating robust cryptocurrency legislation to combat market manipulation. Economic analysts note potential shifts in investor behavior as liquidity requirements stabilize initial asset valuations.

Industry experts anticipate that these regulations will deter speculative investments in low-value coins, providing a more secure investment environment. Both regulatory oversight and enhanced compliance measures are expected to influence global policy trends.