According to The Block, World Vision Korea, a South Korean humanitarian aid organization, sold 0.55 ETHs through the Upbit Exchange, becoming the first non retail institution to complete currency sales since South Korea lifted the ban on institutional encryption transactions. The Financial Services Commission (FSC) has allowed compliant non-profit organizations and registered exchanges to sell their holdings of cryptocurrency assets since June 1st. FSC plans to further relax policies in the second half of this year, allowing listed companies and professional investment institutions to participate in cryptocurrency trading.
