Wu said that according to Korean media hankyung, South Korea expects that universities and local governments will be able to cash out donated cryptocurrencies starting next year. This is because the government has proposed a plan to gradually allow companies to open virtual asset won accounts. Financial authorities plan to first open real-name accounts for non-profit organizations such as central government ministries, local governments, public institutions and universities; the second phase plans to allow related companies such as virtual asset exchanges to open won accounts. The government has decided to review the permission for general companies (level 3) and financial companies (levels 4 and 5) to open corporate accounts in the medium and long term.