- First legal non-profit crypto sale post-regulation change.
- World Vision Korea pioneers sector’s entry.
- Regulatory milestone for South Korea.
World Vision Korea sold 0.55 ETH on Upbit, marking the first legal crypto sale by a non-profit in South Korea after regulatory changes took effect on June 1, 2025.
The event signifies a breakthrough for institutional actors in cryptocurrency, advancing the inclusion of non-profits into regulated crypto trading spheres.
World Vision Korea has become the first non-profit organization to conduct a legal crypto sale in South Korea after the institutional trading ban was lifted. The sale, conducted on June 1, 2025, involved 0.55 Ethereum (ETH) sold on Upbit.
The Financial Services Commission (FSC) authorized this change, allowing non-profits to sell crypto while meeting compliance standards. Upbit confirmed the sale, handled by Myung-hwan, Chairman of World Vision Korea, which showcases progress in South Korea’s regulatory landscape.
This event primarily affects the non-profit sector, offering a new channel for donations and funding through crypto assets. It sets a precedent in South Korea’s evolving crypto policies and reflects broader acceptance of digital assets.
Immediate socioeconomic impacts may be subtle owing to limited transaction volume, however, the regulatory shift paves the way for further institutional participation. The surrounding financial landscape may evolve as similar organizations explore crypto avenues.
Potential outcomes include increased crypto adoption among non-profits. The event indicates progress in addressing compliance challenges, anchored by data from the FSC meeting, signaling strategic regulatory openness.
Dunamu, Parent Company of Upbit, stated, “Dunamu intends to foster a healthy culture of virtual asset donations by adhering to financial and industry guidelines and helping non-profit organizations seamlessly convert donated crypto assets.” (Source)
