First Bitcoin Donation to Korean Red Cross: A New Era of Cryptocurrency Philanthropy

South Korea has witnessed a groundbreaking moment with its first major individual cryptocurrency donation. On August 13, investor Kim Geo-seok donated 1 Bitcoin (BTC) to the Korean Red Cross, valued at approximately $119,000 at the time. This landmark donation marks the country’s first accepted cryptocurrency contribution to a charitable organization since new regulations permitted such conversions in June.