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COINOTAG News reported on November 13 that 78-year-old South Korean investor Mr. Kim Jusik donated 1 Bitcoin to the Seoul University Hospital Development Fund, valued at about KRW 157 million.
At the ceremony, Kim described Bitcoin as a modern donation tool aligned with current trends, hoping this act helps cultivate a new culture of sharing and can be sustained in the future.
A pioneer in digital assets, AI, and quantum computing, Kim also donated 1 Bitcoin to the Korean Red Cross and the Seoul Metropolitan Government Social Welfare Fund in August, marking Korea’s first high-value crypto gift after the FSC allowed liquidations.
Seoul University Hospital will liquidate the asset under official virtual asset liquidation guidelines to support the hospital’s development fund in line with regulatory frameworks for philanthropic crypto gifts.
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