South Korea will allow some institutions to sell their holdi

According to The Block, the Financial Services Commission (FSC) of South Korea recently announced an important policy adjustment. Starting from the second quarter of this year, South Korea will allow charities, universities, and cryptocurrency exchanges to sell some of their holdings of cryptocurrencies. At the same time, FSC also plans to allow South Korean cryptocurrency exchanges to sell cryptocurrency assets obtained as commission income, with the aim of paying operating costs such as wages and taxes.

In order to prevent conflicts of interest with users caused by the large-scale sale of cryptocurrencies by exchanges, relevant operations will be gradually promoted. Before implementation, a unified "sales guide" will be established among operators. This measure indicates a new trend in South Korea's cryptocurrency regulatory policy, providing relevant institutions with certain flexibility in asset disposal and safeguarding market stability and user rights through cautious promotion.

The impact of this policy adjustment on the South Korean cryptocurrency market has attracted much attention. Charitable organizations and universities may be able to sell cryptocurrency assets, which could bring new vitality to their financial operations; Cryptocurrency exchanges can use the proceeds from selling transaction fees to generate encrypted assets for operational expenses, which will also alleviate the operational pressure on the exchange to a certain extent. However, in the specific implementation process, further observation is needed on the detailed rules of the unified "sales guide" and how to effectively avoid conflicts of interest. As the second quarter approaches, practitioners and investors in the South Korean cryptocurrency market are closely monitoring the specific implementation situation in the future.