Key Points
- South Korea will allow crypto sales by exchanges beginning June 2025.
- The Financial Services Commission (FSC) mandates strict KYC and AML checks for institutional participants.
- Wider institutional access to the crypto market is anticipated by late 2025.
Seoul, May 21, 2025 – South Korea has taken a big decision. The government’s Financial Services Commission (FSC) has made new rules, according to which cryptocurrency exchanges and non-profit organizations (such as NGOs) will be able to sell digital currency from June 1, 2025. But this work will be done with some strict conditions and monitoring.
Now exchanges can sell the fees collected from their customers, which is in crypto. At the same time, NGOs will be allowed to sell cryptocurrency received as donation. But all this will happen under strict rules, so that there is no fraud or wrongdoing.
Only the top 20 cryptocurrencies (such as Bitcoin, Ether etc.) can be sold. This will maintain stability in the market and reduce the risk. Apart from this, everyone will have to follow rules like Know Your Customer (KYC) and Anti-Money Laundering (AML), so that the wrong people are not used.
NGOs will have to form internal committees and audit systems. Exchanges will have to provide correct information about all transactions. FSC chief Kim Soo-jin said, “We are promoting innovation, but investor protection is also important.”
People in South Korea are already interested in digital currency. Big exchanges here like Upbit (Spot Trading Volume(24h) $1,737,127,219 ) and Bithumb are counted among the busiest exchanges in the world. This decision has come at a time when there is a lot of discussion about crypto in the country, and presidential elections are also going to be held on June 3, 2025.
The South Korean Financial Services Commission (FSC) has announced that from June 2025, non-profit organizations will be permitted to sell cryptocurrency received as donations, and exchanges will be allowed to liquidate user fees paid in crypto assets.
Experts believe that these new rules will help South Korea create a strong and secure crypto market. Park Ji-hoon, analyst at CryptoWave Consulting, said, “This decision has been taken very wisely. It gives legal recognition to crypto and at the same time can prevent fraud.”
While some are saying that being limited to the top 20 cryptocurrencies can be detrimental for new and small projects, many people are also praising the government’s cautious policy, especially considering the past crypto scams.
As June 2025 approaches, people want to see how these rules will actually work. Crypto is also becoming a big issue in the elections, and leaders are making promises related to it.
For now, South Korea is taking a balanced path—where it wants to use the benefits of crypto, but with complete caution and transparency.
Also Read : India’s Supreme Court urges crypto regulation, questions government’s delay in action
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