South Korean Lawmaker Prepares Bill to Mandate Disclosure of Assets Held by Financial and Cryptocurrency Influencers

Preventing 'Recommend and Dump' Schemes

According to reports by South Korean media on the 25th, a bill is being prepared in the National Assembly that would require investment influencers to mandatorily disclose their holdings and compensation received for the stocks and coins they recommend.

Kim Seung-won, a member of the ruling Democratic Party, is preparing to propose amendments to the 'Capital Market Act' and the 'Virtual Asset User Protection Act'.

The core of the amendment is to enforce transparency on platforms like YouTube...