South Korea plans to implement mandatory asset disclosure for influencers in the crypto sector

ZkProver · 2026-02-25T10:31:51+00:00

South Korean lawmaker Kim Seung-won proposed amending the law to require influencers providing cryptocurrency investment advice to disclose personal assets and compensation, aiming to enhance market transparency and combat misleading information and self-dealing. This move is in response to conflicts of interest and investor harm caused by social media comments.

ZkProver

2026-02-25 10:31:51

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ChainCatcher News reports that South Korean ruling party lawmaker Kim Seung-won has proposed amendments to the Capital Markets Act and the Virtual Asset User Protection Act, requiring influencers (Finfluencers) who provide cryptocurrency investment advice on social media to disclose their personal asset holdings and any compensation received.

The proposal aims to increase market transparency and combat misleading information and self-dealing. Under the proposed legislation, individuals who regularly provide investment advice on social media, mass publications, or broadcasts must disclose the types and amounts of their held cryptocurrencies and any related compensation. Penalties for violations will be based on standards for market crimes such as price manipulation.

Kim Seung-won stated that this move is a necessary measure to address conflicts of interest and investor harm caused by unregulated social media commentary.

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