South Korea2026.10.02Digital Asset

"Virtual Asset Order Book Sharing Should Be Allowed Only on a Limited Basis" [FSC/KIF Commissioned Report (2)]

• The Korea Institute of Finance (KIF) submitted a report to the Financial Services Commission (FSC) at the end of last year recommending limited, conditional permission for virtual asset order book sharing between exchanges.
• Under Korea's Act on Reporting and Using Specified Financial Transaction Information, order book (quote) sharing between exchanges is prohibited in principle and allowed only if certain requirements are satisfied.
• KIF flagged that because order book sharing functions as part of exchanges' business model, it raises Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) concerns that need to be addressed.