The South Korean Financial Services Commission (FSC) has established guidelines for virtual asset sales by non-profit organizations and cryptocurrency exchanges. These guidelines, set to come into effect in June 2025, permit nonprofits to sell cryptocurrencies received through donations, requiring immediate liquidation upon receipt. Similarly, exchanges will be allowed to liquidate crypto assets generated from user fees, with mandatory disclosure of the sale proceeds and transparency on their usage. To prevent money laundering risks, the FSC mandates enhanced Know Your Customer (KYC) procedures for institutions, scrutinizing customer sources and transaction purposes. Additionally, the FSC will actively monitor the activities of institutions and their CEOs for potential money laundering activity.