South Korea to Require Companies to Disclose Cryptocurrency Holdings from 2024

According to a draft regulation issued by the South Korean financial regulatory authority, companies that own or issue cryptocurrencies will be required to disclose their holdings in their financial statements starting from 2024. Under the new rules, companies will need to disclose information such as the quantity, characteristics, business model, and accounting policies related to their cryptocurrency holdings, as well as the profits, quantity, and market value of their cryptocurrencies.