World Vision Korea Sells 0.55 ETH on Upbit, First Institutional Crypto Trade Since South Korea’s June 1 Ban Lift

South Korea witnessed its first institutional cryptocurrency sale since the government lifted its ban on institutional crypto trading on June 1. World Vision Korea, a non-profit organization, sold 0.55 Ether (ETH) on the Upbit exchange, marking the first instance of a non-profit trading crypto in the country post-ban. This transaction represents the initial move by an institution to liquidate crypto holdings following the phased removal of restrictions on institutional crypto activity in South Korea.

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