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Upbit Supports Non-Profit Organizations in Selling Virtual Assets, Ushering in a New Era of Corporate Investment

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$ETH
ChainCatcher
403Words
Jun 1, 2025

ChainCatcher news, according to official information, starting from June 1, South Korea allows non-profit organizations to sell virtual assets. Upbit successfully supported the international relief development NGO World Vision in selling its holding of 0.55 Ethereum ($ETH), valued at approximately 1.98 million Korean won.

This initiative is implemented based on the "Corporate Participation in Virtual Asset Market Roadmap" issued by the Financial Services Commission of South Korea, aiming to promote the development of a virtual asset donation culture.

Upbit operator Dunamu stated that they are ready to support listed companies and professional investors' registered companies to participate in the virtual asset market, which is the second phase measure of the roadmap.

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