<ul><li>The Financial Services Commission of South Korea will enforce strict KYC rules for non-profit organizations and crypto exchanges starting in June.</li><li>Non-profits will be allowed to sell crypto received through donations and sponsorships, while exchanges can liquidate user fees paid in crypto.</li><li>The KYC process aims to prevent money laundering and ensure proper usage of virtual assets in South Korea.</li><li>Additionally, the regulatory body plans to introduce best practices for dealing with memecoins and zombie coins to maintain stability in the digital asset market.</li></ul>

South Korea to Enforce Strict KYC Rules for Crypto Sales in June

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