Deep Tide TechFlow News, February 25, According to The Block, South Korean ruling party lawmaker Kim Seung-won proposed amendments to the Capital Markets Act and the Virtual Asset User Protection Act, requiring social media “financial influencers” to disclose personal asset holdings and earnings when promoting cryptocurrencies. The proposal aims to increase investment transparency, with violators facing penalties equivalent to those for capital market crimes such as price manipulation.
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South Korea plans to legislate mandatory disclosure of assets by cryptocurrency influencers
Deep Tide TechFlow News, February 25, According to The Block, South Korean ruling party lawmaker Kim Seung-won proposed amendments to the Capital Markets Act and the Virtual Asset User Protection Act, requiring social media “financial influencers” to disclose personal asset holdings and earnings when promoting cryptocurrencies. The proposal aims to increase investment transparency, with violators facing penalties equivalent to those for capital market crimes such as price manipulation.