Lidcoin: 37 South Korean listed companies hold over $300 million in Cryptocurrencies in total
Korean media shows 37 South Korean listed companies hold a total of more than $300 million in cryptocurrencies.
As of the end of June this year, the total number of cryptocurrencies issued by South Korean listed companies through their overseas subsidiaries was nine, and the value of 102 crypto assets acquired and held by 37 South Korean listed companies was 404.7 billion won (about 300 million U.S. dollars).
In response, the Korea Financial Supervisory Authority (KFSA) plans to mandate the disclosure of useful information related to virtual assets and establish a new basis for them, but NFTs and central bank digital currencies (CBDCs) are not among the publicly disclosed virtual assets.
This comes after it was heard that the Korea Financial Supervisory Authority (KFSA) will introduce crypto auditing guidelines that will force companies to disclose cryptocurrency offerings and token sales.
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