The world vision becomes the first non -profit organization to sell the crypto for the Korean won

World Vision Korea has become the first non-profit organization to sell cryptocurrency in Korean won on Sunday.
World Vision Korea sold 0.55 ether for 1.98 million wons ($ 1,430) on Sunday, according to Upbit, the largest exchange of Korean cryptocurrency.
On the same day, Korea of ​​the Financial Services Commission (FSC) began to authorize non-profit organizations which fulfill certain conditions to liquidate cryptocurrency donations in the fiduciary currency.


Policy is part of a regulatory roadmap originally published in February with the aim of expanding the practice of cryptocurrency donation and helping non-profit organizations to liquidate such donations.
Dunamu, the parent company of Upbit, then aims to allow public companies and investment companies to use the system. The bank accounts verified for these entities will be issued in the second half of this year, according to the FSC.

By Paik Ji-Hwan ((protected by e-mail))