South Korea’s Financial Supervisory Service plans to establish a self-regulatory mechanism for the crypto industry this year

Odaily News South Korea's financial authorities are rolling out self-regulatory rules for virtual asset disclosures this year. Currently, the second phase of the bill to regulate virtual asset disclosure and issuance is under discussion, with the policy being to implement self-regulation and minimize regulatory loopholes. There are also plans to refer to overseas regulatory cases, including the development of the virtual asset industry, to support the formulation of the second phase of the bill.
The Financial Supervisory Service announced in its "2025 Work Plan" released on the 10th that it will establish a self-regulatory mechanism for virtual asset disclosure.
The Virtual Asset User Protection Act, which came into effect in July last year, focuses on investor protection, including prohibiting unfair trading practices. The second phase of the bill, which includes a market discipline regime for virtual asset disclosure and issuance, is still under discussion.
Financial authorities will first establish a self-regulatory mechanism, such as allowing companies to voluntarily disclose information to prevent investors from losing money due to regulatory loopholes. They also plan to formulate guidelines for sales activities such as advertising and marketing.
The Financial Supervisory Service also actively supports the second phase of legislation being promoted by Congress and the government, and will study overseas regulatory systems that include innovative content in the virtual asset industry and reflect them in the bill. (News1)