- Financial authorities are reviewing a plan to confiscate investment principal for trades using nonpublic information in the virtual-asset market.
- The current Virtual Asset User Protection Act provides for principal confiscation only in cases of fraudulent unfair trading and market manipulation, and regulation may be strengthened to match the capital market.
- Financial authorities said they will carefully determine detailed rules in the phase-two legislation, taking into account the crypto market’s lack of disclosure requirements and disputes over the scope of nonpublic information.
Forecast Trend Report by Period
South Korea’s financial authorities are reviewing a plan to…
