The ruling party in South Korea has proposed a bill that mandates financial opinion leaders on social media to disclose their personal cryptocurrency holdings and any compensation received from promotional activities. The bill, introduced by legislator Kim Seung-won, aims to amend the Capital Markets Act and the Virtual Asset User Protection Act to curb conflicts of interest and misleading information. Violators will face penalties similar to those for market manipulation. This move aligns with the global regulatory trends in the UK and the US.