Korea's FSS Unveils 2025 Plan: Self-Regulatory Crypto Disclosure Guidelines This Year

The Financial Supervisory Service of Korea (FSS) has announced its 2025 work plan, which includes the introduction of self-regulatory guidelines for crypto asset disclosure this year. This move aims to minimize regulatory blind spots in the absence of the completion of the second-stage legislation. The FSS will establish self-disclosure guidelines and business conduct guidelines such as advertising and marketing. The institution will also actively support the second-stage legislative work led by the National Assembly and the government, and plans to study international regulatory systems for crypto asset innovation to provide input for the legislation.

FSS Governor Lee Eun-hyeong emphasized support for real-name corporate account opening to enhance the second-stage legislation that aligns with international standards. Furthermore, the FSS will establish the "Crypto Asset Investigation System Phase 2" to strengthen monitoring of crypto asset prices and trading volumes.

The FSS's decision to introduce self-regulatory guidelines for crypto asset disclosure is a significant step towards reducing regulatory gaps in the crypto market. This move is expected to enhance transparency and investor protection in the crypto industry. The FSS's support for real-name corporate account opening and the establishment of the "Crypto Asset Investigation System Phase 2" are also positive developments that could help to strengthen the regulatory framework for crypto assets in Korea.

The introduction of self-regulatory guidelines for crypto asset disclosure is a proactive measure by the FSS to address the regulatory challenges in the crypto market. This move is in line with the global trend of increasing regulatory scrutiny of the crypto industry. As the crypto market continues to grow and evolve, it is crucial for regulators to keep pace with the developments and ensure that the industry operates in a transparent and secure manner.