FSC refutes the proposal of a 3% limit for corporate investments in crypto assets in South Korea

The Financial Services Commission of South Korea (FSC) published a clarification regarding circulating market rumors about the proposal of disclosure standards for companies investing in digital assets. According to NS3.AI, the agency emphasized that this proposal remains at the preliminary discussion stage and has not received final approval at the government level.

Exact Content of FSC’s Official Clarification on the Proposal

The Korean financial authority clarified its position regarding rumors about the proposal of strict investment limits. FSC denies that any specific regulations on maximum investment volumes or mandatory disclosure standards have been officially approved. The agency stressed that no decisive measures have been taken yet that could restrict corporate participation in the virtual asset market in South Korea.

Public-Private Working Group Continues Discussions on Virtual Assets

Instead of unilaterally introducing strict norms, FSC prefers to develop dialogue through public-private partnerships. A specialized working group is actively negotiating ways to attract professional investment firms to the crypto-asset market. This approach allows considering the interests of both regulators and industry participants in virtual assets.

This regulatory proposal remains subject to ongoing consultations between the government and the private sector. FSC intends to avoid hasty decisions and ensure balanced development of the digital asset market in the country. The final format of the proposal will be determined after completing all necessary discussions at the working group level.