The South Korean Financial Services Commission (FSC) has released guidelines for the sale of virtual assets by nonprofits and cryptocurrency exchanges, impacting regulations in June 2025. Nonprofit organizations will be allowed to sell cryptocurrencies received through donations, with the stipulation that these assets must be liquidated immediately upon receipt. Exchanges, on the other hand, can liquidate crypto assets generated from user fees, requiring transparency through disclosure of sale results and how proceeds are utilized. 249 To combat money laundering risks, the FSC mandates heightened Know Your Customer (KYC) procedures for new institutional clients by exchanges and banks. These procedures involve examining the origin and purpose of transactions to mitigate potential money laundering activities.