PANews February 25 News, 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 influencers (Finfluencers) who provide cryptocurrency investment advice on social media to disclose their personal asset holdings and the compensation they receive.
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, as well as any related compensation. Penalties for violations will be based on standards similar to those for market manipulation and other capital market crimes. 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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Indian Court Rejects Crypto Investors’ Plea for Action Against Bitbns
_Court says private crypto exchanges fall outside writ powers, pushing investors to civil and criminal legal routes._
India’s crypto dispute over Bitbns has taken a decisive legal turn. Delhi High Court declined to intervene in investor complaints seeking a CBI probe and fund recovery. Judges
LiveBTCNews9m ago
South Africa plans to revise regulations to include crypto assets in the capital flow management framework
South Africa's Finance Minister announced the inclusion of crypto assets in the "Currency and Exchange Act," improving cross-border capital regulation, responding to court rulings, and strengthening anti-money laundering measures. This ends the ambiguity in foreign exchange regulation and provides a legal basis for residents to participate in the global crypto market.
GateNewsBot58m ago
SBF continues to futilely seek a pardon, but the White House has made it clear that Trump has no intention of granting him one.
SBF called on Trump to support the "Cryptocurrency Market Structure Act" on Twitter and mentioned his confrontation with the former SEC chairman. SBF is seeking a pardon, but the White House has stated that Trump has no intention of pardoning him. This message was reposted by his friend.
GateNewsBot2h ago
What signals did the US SEC send behind the new 2% discount regulation for stablecoins?
The U.S. Securities and Exchange Commission (SEC) issued guidance on payment stablecoins on February 19, allowing broker-dealers to treat stablecoins with a 2% discount when calculating net capital, thereby giving them a legitimate status in capital calculations. This adjustment helps to integrate stablecoins into the mainstream financial system and promotes digital asset trading and services. Peirce's statement and the GENIUS Act could potentially change the market landscape, although federal and state frictions still exist. Nonetheless, this move paves the way for regulatory integration of stablecoins.
区块客3h ago
UK FCA selects Revolut and three other companies to enter the regulatory sandbox for stablecoin innovation
The UK Financial Conduct Authority (FCA) has selected four companies to enter its regulatory sandbox to test innovative stablecoin services, focusing on applications such as stablecoin issuance and payments. The testing will begin in 2026, and the results will influence future regulatory rules.
GateNewsBot3h ago
Caixin: Chinese victims of the 60,000 Bitcoin money laundering case need to provide additional financial details by June 18.
The case of 60,000 Bitcoin money laundering will hold a hearing in July, and applicants are required to provide financial details before 2026. The hearing will determine whether Chinese law or UK law applies, affecting victims' rights to compensation.
GateNewsBot4h ago
