South Korea Don Free Crypto Ban for Institutions: World Vision Don Do Di First ETH Sell, Open Market Before President Election
South Korea don do dia for di first kaka institutional cryptocurrency sale after di Financial Services Commission update dia make about di rules dem, e mean say market for crypto don dey open well well. World Vision weh be one big nonprofit, dem sell 0.55 ETH (wey be like $1,437) for Upbit after dem get donation, make dem be di first org weh dey use di new law weh allow nonprofits, charities, and universities fit sell digital asset dem for local exchange. Di new rules dem say make this kind organizations hold audited account for at least five years plus make dem fit follow AML and KYC process well. Di FSC plan to comot more regulation for third quarter of 2025, di plan go include public companies and professional investors. Di two main presidential candidates dey gree say make dem expand digital asset policy, dem dey support spot crypto ETFs and make tax for transaction low. All dis policy change fit make market trust beta, bring in big company capital and show say South Korea want make dem be one of di best crypto hub wey fit affect Ethereum, Bitcoin plus di whole digital asset market.
Bullish
Di Korea goverment move say make dem fit allow crypto sales by big institutions, plus say both political parties dey support to make the rules soft, e create better environment for digital assets. Dem dey include nonprofits, plan to extend am to companies wey dey market and professional investors, plus dem fit reduce tax wahala, all these mean more adoption by big players and normal people. For history, such better regulation dey bring money and good market feeling, especially for big cryptos like Ethereum and Bitcoin. Short term, e fit make price dey high and market money dey flow well for Korea market. Long term, Korea new regulation fit make the country become regional crypto center, support good growth for ETH, BTC and the market generally.