The International Digital Asset Committee (IDAC), chaired by Professor Eunseok Won of Mokwon University, has been newly designated as a public interest organization by South Korea’s Ministry of Economy and Finance for the second half of 2024.
IDAC is currently the only organization among the designated public interest groups that conducts activities centered around "digital assets" as its core theme.
Under Article 80, Clause 1, Subparagraph 5 of the Enforcement Decree of the Income Tax Act, nonprofit organizations designated as public interest organizations by the Minister of Economy and Finance are authorized to solicit donations from individuals and issue tax-deductible donation receipts.
IDAC defines digital assets broadly to include virtual assets, blockchain, NFTs, the metaverse, AI, webtoons, fintech, gaming, cultural and educational content. It aims to build a sound digital asset ecosystem through service integration and cross-sector collaboration networks.
Since its establishment in 2021, IDAC has continuously carried out digital asset-based social contribution initiatives. These include educational content sponsorship for juvenile detention centers, digital asset training for career-interrupted women, AI and NFT production education in Daejeon schools, programs for multicultural students, education for local content creators, and NFT-based support projects for journalists with developmental disabilities.
This recent designation as a public interest organization is a formal recognition of IDAC's contributions to society through digital asset-driven public initiatives.
Chairman Eunseok Won commented, “With the revitalization of the virtual asset market, public interest in digital assets is rapidly increasing again. As the concept of virtual assets evolves from mere 'investment' toward broader 'application' and 'adoption' in society, it becomes essential to expand their relevance to everyday life and establish strong business foundations across various sectors. In this context, social contribution is a powerful and effective tool. IDAC’s efforts serve as a strong benchmark example of this approach.”
#InternationalDigitalAssetCommittee #IDAC #DigitalAsset #Crypto #Cryptocurrency #Blockchain #NFT #AI #generative_AI #DigitalAssetEducation #Assetization #AssetizationAbility #Education #SocialContribution #IDACYouthAmbassador #ESG #CCC #Cryptocanchange #NFTExpert #NFTExpert_Certification #DigitalAssetExpert #DigitalAssetExpert_Certification #NFTforEveryone #UZNEX #Blocoxyz #Southkorea #ChatGPT #AI #Canva #Coin #Binance
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The International Digital Asset Committee (IDAC), chaired by Professor Eunseok Won of Mokwon University, has been newly designated as a public interest organization by South Korea’s Ministry of Economy and Finance for the second half of 2024.
IDAC is currently the only organization among the designated public interest groups that conducts activities centered around "digital assets" as its core theme.
Under Article 80, Clause 1, Subparagraph 5 of the Enforcement Decree of the Income Tax Act, nonprofit organizations designated as public interest organizations by the Minister of Economy and Finance are authorized to solicit donations from individuals and issue tax-deductible donation receipts.
IDAC defines digital assets broadly to include virtual assets, blockchain, NFTs, the metaverse, AI, webtoons, fintech, gaming, cultural and educational content. It aims to build a sound digital asset ecosystem through service integration and cross-sector collaboration networks.
Since its establishment in 2021, IDAC has continuously carried out digital asset-based social contribution initiatives. These include educational content sponsorship for juvenile detention centers, digital asset training for career-interrupted women, AI and NFT production education in Daejeon schools, programs for multicultural students, education for local content creators, and NFT-based support projects for journalists with developmental disabilities.
This recent designation as a public interest organization is a formal recognition of IDAC's contributions to society through digital asset-driven public initiatives.
Chairman Eunseok Won commented, “With the revitalization of the virtual asset market, public interest in digital assets is rapidly increasing again. As the concept of virtual assets evolves from mere 'investment' toward broader 'application' and 'adoption' in society, it becomes essential to expand their relevance to everyday life and establish strong business foundations across various sectors. In this context, social contribution is a powerful and effective tool. IDAC’s efforts serve as a strong benchmark example of this approach.”
#InternationalDigitalAssetCommittee #IDAC #DigitalAsset #Crypto #Cryptocurrency #Blockchain #NFT #AI #generative_AI #DigitalAssetEducation #Assetization #AssetizationAbility #Education #SocialContribution #IDACYouthAmbassador #ESG #CCC #Cryptocanchange #NFTExpert #NFTExpert_Certification #DigitalAssetExpert #DigitalAssetExpert_Certification #NFTforEveryone #UZNEX #Blocoxyz #Southkorea #ChatGPT #AI #Canva #Coin #Binance
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