PANews February 25 News, according to The Block, South Korean ruling party lawmaker Kim Seung-won proposed amendments to the Capital Markets Act and the Virtual Asset User Protection Act, requiring influencers (Finfluencers) who provide cryptocurrency investment advice on social media to disclose their personal asset holdings and the compensation they receive.
The proposal aims to increase market transparency and combat misleading information and self-dealing. Under the proposed legislation, individuals who regularly provide investment advice on social media, mass publications, or broadcasts must disclose the types and amounts of their held cryptocurrencies, as well as any related compensation. Penalties for violations will be based on standards similar to those for market manipulation and other capital market crimes. Kim Seung-won stated that this move is a necessary measure to address conflicts of interest and investor harm caused by unregulated social media commentary.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Iran and North Korea are both using it! Stablecoins have become the preferred virtual asset for illegal transactions, with involved fraud totaling $51 billion.
According to the FATF report, stablecoins have become the preferred asset for illegal transactions, especially in countries like Iran and North Korea. The organization calls for increased regulation of stablecoin issuers and states that by 2025, stablecoins will account for the majority of illegal virtual asset transactions. To address these challenges, the FATF recommends that issuers strengthen their technical capabilities to improve regulatory efficiency.
区块客6m ago
Trump signs executive order to combat cybercrime, requiring multiple agencies to submit action plans within 120 days
U.S. President Trump signed an executive order on March 6th to combat cybercrime and fraud, requiring relevant ministers to review frameworks and develop action plans. The order establishes an action team to coordinate the fight against transnational cybercrime and proposes a victim recovery plan to compensate victims of online fraud. At the same time, it calls for negotiations with countries that tolerate such crimes and measures to restrict them.
GateNews1h ago
New Stablecoin Rules Passed By Florida Lawmakers
Florida lawmakers have passed a bill to regulate stablecoins, establishing clear rules for issuance, oversight, and consumer protection. This bipartisan effort aims to provide regulatory certainty and attract blockchain innovation while ensuring financial stability and transparency.
TodayqNews1h ago
Patrick Witt Calls Out The Irony At Banks’ Stance On Clarity Act
White House crypto advisor Patrick Witt highlighted that the big banks’ unwillingness to reach a compromise with the crypto sector on the Clarity Act discussions will only keep stablecoins unregulated and amplify their concerns about deposit flight.
The digital asset adviser of the White House, Pa
Blockzeit1h ago
Vancouver "Bitcoin Reserve" Dream Shattered! City Hall Staff "This Reason" Suggests Withdraw Proposal
Vancouver Mayor Ken Sim proposed establishing a "Bitcoin Strategic Reserve," but city officials assessed that Bitcoin does not meet legal investment standards and recommended that the city council withdraw the proposal. According to the report, Bitcoin is not classified as a legal asset and requires reallocation of human resources to align with municipal priority plans. The Ministry of Municipal Affairs of British Columbia has already stated that local governments are not permitted to include cryptocurrencies in their financial reserves to avoid risks.
区块客2h ago
House Pushes Back on Senate’s 2030 CBDC Ban Expiry
United States Congress is debating a CBDC ban after lawmakers challenged the Senate’s 2030 expiration clause.
Ted Cruz proposed an amendment to remove the sunset clause and make the CBDC prohibition permanent.
House lawmakers oppose the temporary ban, warning it could allow a future U.S.
CryptoFrontNews3h ago
