Upbit Enables Nonprofits To Sell Crypto In Korea Legally

Key Takeaways:

Upbit enables the first KRW-based virtual asset sale by a domestic non-profit, World Vision.
The move aligns with recent regulatory reforms encouraging institutional participation.
Full corporate participation, including listed firms, is expected in the second half of the year.
The age of virtual asset transactions by corporations is formally underway in South Korea. Non-profit groups have had access since June 1 to sell virtual assets under a new policy that is underpinned by regulator and industry coordination.