South Korea
Digital Asset
Financial Authorities: "Will Take Firm Action, Including Criminal Referrals, If Offshore Perpetual Futures Affect Korea's Stock Market"
- The FSC, FIU, and FSS jointly released guidance on October 16 warning users about risks of offshore perpetual futures trading.
- Authorities will closely monitor offshore platforms' launch of products linked to the Korean stock market and their impact on domestic markets.
- Illegal practices cited include soliciting Korean residents to sign up via referral codes and earning commissions from such trading.