World Vision Korea Conducts First Institutional Crypto Transaction in South Korea

On June 2nd, the humanitarian aid organization World Vision Korea made history by conducting the first institutional cryptocurrency transaction in South Korea since the lifting of the institutional crypto trading ban. The organization sold 0.55 ETH, valued at approximately $1,396.5, on the Upbit exchange. This transaction marks a significant milestone in the country's evolving regulatory landscape for cryptocurrencies.

The Financial Services Commission of South Korea (FSC) had previously announced that as of June 1st, eligible non-profit organizations and registered crypto exchanges are permitted to sell their held cryptocurrency assets. This move is part of a broader plan by the FSC to gradually reopen the crypto market to more participants. The next phase, scheduled for the second half of 2025, will allow public companies and registered professional investors to engage in crypto trading, further integrating cryptocurrencies into the mainstream financial system.

This development is a clear indication of South Korea's commitment to fostering a more inclusive and regulated crypto environment. By allowing non-profit organizations to sell their cryptocurrency holdings, the FSC is not only providing these entities with a means to liquidate their assets but also setting a precedent for other institutions to follow. This gradual lifting of the ban is expected to boost confidence in the crypto market, encouraging more institutions to explore the potential of digital assets.

The FSC's decision to allow public companies and professional investors to trade cryptocurrencies in the latter half of 2025 is a strategic move aimed at stabilizing the market. By involving more regulated entities, the FSC hopes to mitigate the risks associated with volatile crypto markets and ensure that transactions are conducted in a transparent and secure manner. This phased approach also allows the regulatory framework to adapt to the evolving needs of the market, ensuring that it remains robust and effective.

Overall, the first institutional cryptocurrency transaction in South Korea signals a new era for the country's crypto industry. With the FSC's progressive regulatory measures, South Korea is poised to become a leading player in the global crypto market, attracting more institutions and investors to participate in this burgeoning sector. The lifting of the institutional crypto trading ban is a significant step forward, paving the way for a more integrated and regulated crypto ecosystem in South Korea.