PANews reported on February 13 that the Financial Services Commission (FSC) of South Korea announced that South Korea will allow charities, universities and cryptocurrency exchanges to sell some of their cryptocurrency holdings in the second quarter of this year.

In addition, the FSC plans to allow Korean cryptocurrency exchanges to sell crypto assets obtained as fee income to pay operating costs such as wages and taxes. However, in order to avoid conflicts of interest with users due to large-scale sell-offs by exchanges, the relevant operations will be gradually promoted and implemented after a unified "sales guide" is established among operators.

According to the plan, in the second half of this year, a pilot program will be launched to allow about 3,500 listed companies and professional investors to open real-name accounts for investment.

Earlier today, it was reported that the Financial Services Commission of South Korea plans to open corporate and exchange accounts in three stages .