In a groundbreaking development, World Vision Korea has made headlines by selling 0.55 ETH, valued at approximately $1,396.5, on the Upbit exchange. This marks the first recorded *institutional sale of cryptocurrency* in South Korea following the recent easing of the institutional crypto trading ban. The *Financial Services Commission (FSC)* of South Korea announced that as of June 1st, 2023, eligible non-profit organizations and registered exchanges are authorized to dispose of their cryptocurrency assets. This regulatory shift is a significant step toward legitimizing *crypto trading* in the country. Moreover, the FSC is poised to extend trading permissions to public companies and registered professional investors by the second half of 2025. Such measures underscore the growing acceptance of cryptocurrency and its integration into mainstream financial systems, promising a dynamic landscape for future trading activities.
Source: https://en.coinotag.com/breakingnews/world-vision-korea-makes-history-as-first-institution-to-sell-0-55-eth-in-south-korea-post-ban/