According to Odaily, South Korean financial regulators are advancing self-regulatory measures for virtual asset disclosures in 2025. The second phase of legislation, aimed at regulating the disclosure and issuance of virtual assets, is currently under review. This policy emphasizes self-regulation to close regulatory gaps and ensure market transparency. Additionally, South Korean authorities plan to examine international regulatory frameworks, including those that foster the development of the virtual asset industry, to inform the second phase of the legislation.

The Financial Supervisory Service (FSS) announced in its 2025 work plan, released on February 10, that it will introduce a self-regulatory mechanism for virtual asset disclosures. The Virtual Asset Act, which took effect in July 2024, focuses on investor protection and bans unfair trading practices. The second phase of the Act, still being discussed, aims to implement a comprehensive market discipline system for virtual asset disclosures and issuance.

Financial authorities plan to establish a self-regulatory framework that encourages voluntary disclosures by companies, helping prevent investor losses caused by regulatory gaps. Furthermore, they aim to develop detailed guidelines for sales activities, including advertising and marketing in the virtual asset space.

The FSS is working closely with the National Assembly and the government to support the second phase of the legislation. It will also analyze international regulatory practices, incorporating innovative approaches from the virtual asset industry to enhance South Korea’s regulatory framework. #USJobsDrop #1000CHEEMS&TSTOnBinance #BitcoinWhaleMove