South Korea's FSC clarifies its position: there is no 3% disclosure rule for digital assets

The Financial Services Commission of South Korea (FSC) has addressed the speculation circulating about a supposed 3% capital disclosure rule applicable to corporate investments in digital assets. According to reports from NS3.AI, the regulatory authority clarified that no definitive determinations have been made regarding maximum investment limits or disclosure standards that may apply.

Where did the speculation about this rule originate?

The confusion likely stemmed from regulatory debates that have been intensifying in the cryptocurrency sector. Various regulators worldwide have considered implementing more rigorous disclosure measures, so it is understandable that interpretations about potential regulations in South Korea emerged.

Active negotiations of the public-private group

What is confirmed is that discussions are ongoing within a working group composed of representatives from the public and private sectors. This group is responsible for analyzing the participation of professional investment firms in the virtual assets market, considering aspects such as investor protection, transparency, and operational standards.

The FSC emphasized that any rule adopted in the future will result from these collaborative discussions and not unilateral decisions. For now, the digital assets market in South Korea continues to operate under the existing regulatory framework while these efforts are underway.