Seoul National University Halts Cryptocurrency Donations Amid Regulatory Concerns

According to Odaily, Seoul National University has announced a suspension of cryptocurrency donations until stability and regulatory assurances are in place. This decision follows a controversy sparked by a pledge from gaming company Wemade to donate WEMIX tokens worth 1 billion KRW (approximately 737,000 USD) to a startup fund. The university's move highlights ongoing concerns about the volatility and regulatory landscape of digital currencies. As institutions grapple with the integration of cryptocurrencies into traditional financial systems, the need for clear guidelines and stability becomes increasingly evident. Seoul National University's decision underscores the importance of ensuring that donations and financial contributions are secure and compliant with existing regulations. This development is part of a broader trend where educational institutions and other organizations are cautious about accepting cryptocurrency donations. The fluctuating value of digital assets and the evolving regulatory environment pose significant challenges. By pausing cryptocurrency donations, Seoul National University aims to mitigate potential risks and ensure that any future contributions are both stable and legally sound.