South Korea will relax restrictions on virtual asset sales by non-profit corporations and exchanges from June

 the Financial Services Commission of South Korea announced on May 4 that it will allow non-profit organizations and virtual asset exchanges to sell virtual assets starting from June this year. According to the latest guidelines, external audit firms with more than 5 years of business history can engage in virtual asset trading, but they must establish an internal "donation review committee". Virtual assets received by non-profit organizations must be liquidated immediately, and can only be assets listed on three or more Korean won exchanges. As for exchanges, sales are limited to operating expenses only, and daily trading limits must be followed to minimize market impact. The new regulations will be implemented starting from June 1, aiming to regulate market order and prevent risks such as "listing flash crashes".