Market abuse and surveillance.

The core rulebook for licensed platforms: custody in a subsidiary with mostly cold storage, token admission criteria, retail suitability checks, market surveillance and 12 months of liquid capital.

Submitted 10 April 2026 and enacted 15 July 2026, it moves crypto trading from the Payment Services Act into the FIEA and adds issuer disclosure and an insider-trading ban. Promulgated on 23 July 2026, its penalties for unregistered business took effect on 12 August 2026; the main crypto provisions start on a date set by Cabinet Order within one year of promulgation, and a few other provisions on fixed dates in 2027.

The FSA's slide explanation of the bill: specified crypto-assets, disclosure duties, business conduct rules for crypto trading firms and the new unfair trading provisions.

The FSA's first public case for shifting crypto from payments law to securities law, including insider-trading rules and disclosure for issuer-backed tokens. Overtaken by the December 2025 working group report and Law No. 64 of 2026.

Current rulebook (Mongolian), published by the FRC on 27 August 2026: MNT 400 million capital per service, a board of at least five with two independent members, ISO 27001 security, listing and market abuse policies, a 100x custody cap and Travel Rule data from MNT 3 million.

A People Power Party basic law: FSC authorisation for stablecoin issuers, advance notice for other token issuances, FSC approval for exchanges to offer derivatives, services for professional investors and bans on insider trading and manipulation.

An industry promotion law: a national master plan and committee, business licensing, reserve rules for stablecoin issuers and a self-regulatory Korea Digital Asset Business Association running listing and market surveillance committees.

Would pull Korea's scattered crypto rules into one law, with FSC licensing or registration of businesses, user protection, disclosure and market abuse rules, and special rules for fixed-value coins.

Would allow domestic token offerings backed by issuer disclosure, license stablecoin issuers, bring crypto businesses under licensing or registration, ban market abuse and set up a self-regulatory body.

Korea's first crypto-specific statute, enacted July 2023 and in force 19 July 2024. It protects user deposits and assets and criminalises unfair trading.

FSC summary of the Act: bank custody of user funds, cold storage and insurance duties, the ban on unfair trading, and FSC/FSS supervisory powers over VASPs.

The core crypto regime: licensing, conduct, custody, technology, AML and market abuse rules for crypto-asset services. First issued February 2019; the current version applies from 6 May 2026.

Prohibits market manipulation and insider dealing in crypto-assets and requires licensed exchanges to monitor trading for abuse.

Sets out plans for a regulation covering all virtual asset activities, licensing for every VASP category and market abuse rules, covering crypto assets, tokens, exchanges and ICOs.

Rules for licensed exchanges on board governance, public disclosures, trading-venue participants, market surveillance, settlement and margin trading. The version effective 31 March 2026 adds a regime for exchange-traded derivatives, with leverage for retail investors capped at 5:1.