Dunamu, the operator of virtual asset exchange Upbit, announced on the 2nd that it supported the sale of 0.55 ETH owned by World Vision, an international humanitarian development NGO. The amount converted to Korean won is approximately 1.98 million won.
According to the 'Roadmap for Corporate Participation in the Virtual Asset Market' jointly announced by the Financial Services Commission and related agencies in February, domestic non-profit organizations and virtual asset exchanges that meet certain conditions have been able to trade virtual assets for cash conversion since the previous day.
This support for World Vision was also carried out as part of institutional improvement. World Vision connected its K Bank corporate account to its Upbit account and successfully sold the received ETH through Upbit's won market.
Dunamu emphasized that it is complying with guidelines prepared by financial authorities and the industry to establish a sound virtual asset donation culture. The company plans to support non-profit organizations in smoothly selling donated virtual assets. It is discussing ways to activate virtual asset sharing culture with organizations like the Community Chest of Korea.
The company plans to prepare without delay for supporting the participation of 'listed companies and registered professional investors' in the virtual asset market, which is a follow-up measure to the second stage of the corporate virtual asset market participation roadmap. According to the Financial Services Commission, the issuance of real-name accounts for listed companies and registered professional investors is scheduled for after the second half of this year.
Meanwhile, the virtual assets cashed out by World Vision are the result of the 'Future Generation Cheer Up! Campaign' conducted in March. Dunamu and World Vision conducted a virtual asset sponsorship campaign for Upbit users to support vulnerable youth who find it difficult to purchase school uniforms, school bags, and other items needed for the new school term.
