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South Korea Sees First Institutional Crypto Sale Ahead Of Presidential Election – Details

  • South Korea conducted its first institutional digital assets sale after lifting the ban on institutional crypto transactions ahead of the upcoming presidential elections scheduled for June 3, 2025.
  • Non-profit organization World Vision made the historic sale, with support from Upbit's parent company, selling 0.55 Ether (ETH) for 1.98 million won.
  • Starting June 1, 2025, non-profit organizations in South Korea can sell crypto holdings through local exchanges following the roadmap set by the Financial Services Commission.
  • As part of upcoming developments, publicly traded companies and professional investors will be allowed to access the digital asset market in Q3 2025 in South Korea.

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