South Korea to ask firms to disclose crypto holdings from 2024 By Cointelegraph

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The South Korean government is continuing to develop tighter regulations targeting the cryptocurrency industry with the introduction of new asset disclosure rules.

On July 11, South Korea’s Financial Services Commission (FSC) announced a new bill that will require all firms that issue or hold cryptocurrencies like (BTC) to disclose their holdings.

Timing of South Korea’s new crypto supervision guidelines. Source: FSC