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South Korea Drafts Disclosure Rules for Crypto Influencers

South Korea Drafts Disclosure Rules for Crypto Influencers

Author:

Global Cryptocurrency

Published:

2026-02-25 14:27:02

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BTCCSquare news:

South Korean lawmakers are advancing legislation that WOULD mandate crypto and stock influencers to disclose their asset holdings and compensation. The proposed amendments to the Capital Market and Financial Investment Business Act and the Virtual Asset Users Protection Act aim to curb undisclosed promotions and repeated investment advice.

The rules would apply to online posts, publications, and broadcast content, with violations potentially facing penalties akin to insider trading or market manipulation. Democratic Party lawmaker Kim Seung-won is spearheading the revisions, which would require influencers to reveal the type and quantity of assets they own if they receive payment or frequently provide investment guidance.

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