The Monetary Companies Fee (FSC) of South Korea has introduced plans to permit establishments, together with legislation enforcement companies and non-profit organizations, to liquidate cryptocurrency donations beginning within the first half of 2025.
The choice was confirmed in the course of the third Virtual Assets Committee meeting held on Feb. 13, 2025, in Seoul.
South Korea’s FSC: Regulatory Shift on Crypto Transactions
The transfer marks a shift in South Korea’s regulatory stance on company cryptocurrency transactions, which have been largely restricted since 2017 resulting from considerations over cash laundering and speculative buying and selling.
Notably, the FSC’s up to date coverage will allow establishments reminiscent of prosecutors’ workplaces, universities, and digital asset exchanges to transform donated digital property into money.
“For legislation enforcement companies, this may present a authorized foundation to liquidate confiscated felony proceeds,” stated Kim So-young, Deputy Director of the FSC. “Non-profits and universities receiving crypto donations may even achieve clearer operational pointers.”
Pilot Program for Institutional Traders
Within the latter half of 2025, the FSC plans to introduce a pilot program permitting skilled traders and publicly listed firms to commerce digital property for funding and monetary functions. Roughly 3,500 companies assembly particular monetary thresholds will likely be eligible to take part.
South Korea’s regulatory method aligns with international traits as main economies more and more permit company participation in crypto markets. The FSC’s coverage roadmap contains strengthening anti-money laundering measures and enhancing disclosure necessities for institutional traders.
Implementation and Future Outlook
A process pressure, together with the Monetary Supervisory Service, the Banking Affiliation, and Digital Asset Trade Affiliation (DAXA), will oversee implementation. The FSC may even think about legislative changes to additional combine tokenized securities into the monetary system.
The most recent coverage shift is a part of South Korea’s broader technique to develop a structured regulatory framework for digital property following the Digital Asset Person Safety Act, which took impact in July 2024
