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South Korea's FSC clarifies that there is no definitive rule on capital disclosure in crypto assets
South Korea’s Financial Services Commission (FSC) has issued a clarifying statement denying reports that claimed approval of a 3% capital disclosure rule for corporate investments in digital assets. According to information from NS3.AI, the regulatory authority emphasized that no final determinations have yet been made regarding investment limits or disclosure standards that should apply to these investments.
The FSC is engaging in discussions regarding digital asset regulation
The official FSC statement highlights that deliberations are ongoing within a public-private working group. This collaborative space aims to establish guidelines for the participation of professional investment firms in the virtual asset market. The initiative reflects the cautious approach of South Korean authorities, who prefer to build a regulatory framework through dialogue rather than impose hasty restrictions.
Implications of this clarification for the market
The denial of a fixed rule marks an important turning point in South Korea’s regulatory policy. While specific disclosure parameters and investment caps are being defined, companies operating in this space maintain some flexibility. However, the very existence of these discussions indicates that a formal capital disclosure rule could be on the horizon, although for now the FSC insists that no decision has been finalized.