World Vision first to trade crypto in South Korea after ban

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Humanitarian aid organization World Vision Korea is the first nonprofit to sell crypto in South Korea after the country ushered in new rules around institutional crypto trading.

World Vision Korea sold 0.55 Ether (ETH), worth roughly 1.98 million won ($1,436) on Upbit, according to a June 1 statement from Dunamu, the parent company of the crypto exchange.

The Ether, which was held by Chairman Myung-hwan, was donated as a result of a campaign in March that asked Upbit users to donate crypto to help underprivileged youth who can’t afford school items…



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World Vision first to trade crypto in South Korea after ban


Humanitarian aid organization World Vision Korea is the first nonprofit to sell crypto in South Korea after the country ushered in new rules around institutional crypto trading.

World Vision Korea sold 0.55 Ether (ETH), worth roughly 1.98 million won ($1,436) on Upbit, according to a June 1 statement from Dunamu, the parent company of the crypto exchange.

The Ether, which was held by Chairman Myung-hwan, was donated as a result of a campaign in March that asked Upbit users to donate crypto to help underprivileged youth who can’t afford school items…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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