South Korea's FSC dismisses the proposal on 3% disclosure for digital assets

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In recent days, the South Korean Financial Services Commission (FSC) has issued an official clarification denying reports about a 3% disclosure regulation for corporate investments in digital assets. The regulatory authority, through its statement, emphasized that there are no final determinations regarding investment limits or disclosure standards for the sector.

Analysis of the FSC’s Official Position

According to reports from NS3.AI, the institution has made it clear that discussions are still in the exploratory phase. The FSC highlighted that parameters regarding corporate investment in virtual asset markets remain under review and have not received formal validation. This clarification aims to dispel doubts caused by premature interpretations of potential regulatory frameworks.

Ongoing Discussions: Public-Private Working Group

Currently, dialogues are underway through a working group that includes participants from both the public and private sectors. This collaborative space aims to evaluate the involvement of companies specializing in investments within the virtual asset market. The discussions cover key aspects such as prudential limits, informational transparency, and operational standards to ensure that any future regulation is balanced and feasible.

The FSC keeps the deliberative process open without rushing to establish definitive positions regarding specific rules like the 3% regulation or other provisions related to capital disclosure in digital investments.

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