South Korea plans to legislate requiring crypto KOLs to disclose holdings and compensation; violators may face market manipulation penalties.

MarsBitNews · 2026-02-25T13:25:14+00:00

South Korea is advancing new regulations requiring investment KOLs on social media to disclose their holdings and compensation information. The amendments involve the "Capital Markets and Financial Investment Business Act" and the "Virtual Asset User Protection Act." Non-compliance will face severe penalties.

MarsBitNews

2026-02-25 13:25:14

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Mars Finance reports that South Korea is advancing new regulations that would require social media influencers promoting cryptocurrencies and stocks to disclose their holdings and whether they receive compensation. It is understood that Kim Seung-won, a member of the Korean National Assembly’s Political Affairs Committee, is drafting amendments to the Capital Markets and Financial Investment Services Act and the Virtual Asset User Protection Act. According to the proposal, anyone who repeatedly provides investment advice to the public or receives compensation for encouraging the buying and selling of financial products or virtual assets must disclose the amount of compensation received and the types and quantities of assets they hold. Violators could face penalties comparable to those for market manipulation or insider trading.

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