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Coinone completes approximately $3.09 million virtual asset sale for personnel expenses and taxes
Summary: According to reports, South Korean exchange Coinone sold virtual assets worth approximately 43.56 billion Korean won (about $3.09 million) to Upbit and Korbit from August 8th to 31st. Benefiting from price increases, Coinone realized an additional profit of about 220 million Korean won. This sale aligns with the 'Roadmap for Companies Participating in the Virtual ...
According to reports, South Korean exchange Coinone sold virtual assets worth approximately 43.56 billion Korean won (about $3.09 million) to Upbit and Korbit from August 8th to 31st. Benefiting from price increases, Coinone realized an additional profit of about 220 million Korean won. This sale aligns with the 'Roadmap for Companies Participating in the Virtual Asset Market' released by the Financial Services Commission of Korea in February, allowing non-profit organizations and exchanges to use virtual assets for personnel expenses and tax payments. Coinone stated that the funds will also be used for other operational costs. (News 1)
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Link: Coinone completes approximately $3.09 million virtual asset sale for personnel expenses and taxes [Copy]
