The Financial Services Commission of South Korea has publicly clarified that the information about a possible 3% disclosure rule for corporate investments in digital assets is unfounded. According to reports from NS3.AI, the FSC specified that no conclusive decisions have yet been made regarding maximum investment limits or disclosure standards that could apply to the sector.
The FSC Denies the Disclosure Percentage Proposal
The rejection of this rule marks an important step in the Korean regulatory process. The financial institution emphasized that rumors about the implementation of a specific 3% rule do not reflect the official position. This clarification comes at a time when the virtual asset market in Asia is experiencing increased regulatory scrutiny, and authorities are seeking to balance innovation with investor protection.
A Public-Private Working Group Continues to Define Standards
Currently, discussions about the participation of professional investment firms in the virtual asset market are being conducted within a public-private working group. This initiative aims to establish a clear regulatory framework that does not stifle economic activity or compromise transparency standards. The FSC reiterated that any future rule will result from a thorough consultative process, with no hasty or unilateral decisions.
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South Korea's FSC clarifies that there is no definitive rule regarding capital disclosure in digital assets
The Financial Services Commission of South Korea has publicly clarified that the information about a possible 3% disclosure rule for corporate investments in digital assets is unfounded. According to reports from NS3.AI, the FSC specified that no conclusive decisions have yet been made regarding maximum investment limits or disclosure standards that could apply to the sector.
The FSC Denies the Disclosure Percentage Proposal
The rejection of this rule marks an important step in the Korean regulatory process. The financial institution emphasized that rumors about the implementation of a specific 3% rule do not reflect the official position. This clarification comes at a time when the virtual asset market in Asia is experiencing increased regulatory scrutiny, and authorities are seeking to balance innovation with investor protection.
A Public-Private Working Group Continues to Define Standards
Currently, discussions about the participation of professional investment firms in the virtual asset market are being conducted within a public-private working group. This initiative aims to establish a clear regulatory framework that does not stifle economic activity or compromise transparency standards. The FSC reiterated that any future rule will result from a thorough consultative process, with no hasty or unilateral decisions.