FSC clarifies its position on the 3% disclosure rule for digital assets

South Korea’s Financial Services Commission has responded to circulating rumors about a supposed capital disclosure regulation by issuing an official clarification regarding its regulatory approach to corporate investments in the crypto asset market.

Denial of the regulatory proposal

The FSC officially clarified that reports about a 3% disclosure rule for corporate holdings in digital assets do not reflect any decisions that have been made. According to reports from NS3.AI, the institution has made it clear that no final parameters have been set regarding permitted investment margins or transparency requirements that should govern this sector.

Ongoing discussions without final resolutions

Rather than making unilateral decisions, the South Korean regulatory authority maintains a consultative and collaborative approach. Currently, discussions are underway within a coordination group comprising both government agencies and private sector actors, with the goal of establishing common criteria for the participation of investment managers specializing in the virtual asset market.

Significance of this institutional dialogue

The FSC’s stance reflects the caution characteristic of South Korea’s regulatory approach. Before implementing any specific disclosure rule, authorities seek to build consensus with market participants. This gradual process involves multiple rounds of consultation and impact assessment, avoiding hasty decisions that could negatively affect the country’s digital investment ecosystem.