South Korea Moves to Force Crypto Finfluencers to Disclose Holdings Under New Proposed Law

TLDR: South Korea’s Democratic Party is drafting bills requiring finfluencers to disclose crypto holdings and compensation before advising followers. Reports of illegal investment advisory activity surged from 132 cases in 2018 to 1,724 cases in 2024, prompting stricter oversight. Penalties for finfluencer violations are expected to match existing laws on market manipulation and pre-emptive trading [...]

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