South Korean financial authorities are stepping up regulation of offshore perpetual contracts, cracking down on illegal marketing to domestic clients and referring violations to prosecutors.
55 minutes ago
South Korea’s Financial Services Commission (FSC) and Financial Supervisory Service (FSS) have issued an investor alert on perpetual contracts traded on overseas virtual asset platforms. The authorities said they will step up monitoring of overseas platforms offering perpetual contracts linked to South Korean stocks, indices, and other assets. If illegal domestic operations such as soliciting South Korean residents to open accounts or trade are confirmed, they will take stern measures including filing complaints with investigative agencies, and demand that major relevant overseas platform operators comply with South Korean laws. South Korean authorities noted that these perpetual contracts have no expiration date, trade 24/7, and some products offer leverage of 10x to 200x. Taking a 150x-leveraged contract linked to South Korean stock indices as an example, a 0.66% reverse index fluctuation can trigger forced liquidation. Such products are not legally permitted in South Korea. Most overseas platforms are not subject to South Korean financial laws. In cases of bankruptcy, closure, unilateral trading suspensions, or system failures, resolving domestic disputes and providing investor relief becomes challenging, and domestic regulators also struggle to verify client asset custody. The authorities said they will carefully assess whether to introduce similar products domestically and the corresponding regulatory framework.
Metric launches a decentralized exchange (DEX) for tokenized real-world assets (RWAs), now live on Robinhood Chain, BNB Chain, and Ethereum.
1 seconds ago
NEAR launches private account-based SOL yield vault, deployed by Gauntlet on Kamino.
1 seconds ago
Anthropic stations six external researchers on-site to conduct AI safety audits: The researchers’ reports do not require prior approval, though the company reserves the right to edit or remove them.
1 seconds ago
Machi lost $416K trading but earned $341K in rewards, reducing loss to $74.7K on PaperTrade
1 seconds ago
SlowMist: Fake Ledger Firmware Update Phishing Scam Spreading via Supply Chain Incidents
1 seconds ago
Upbit adds HBD and DNT to its trading warning list.
1 seconds ago
Hot feeds
A trader profits $448K by monitoring #Binance's new listings!
2024.12.13 17:37:29
Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.
2024.12.16 14:48:36
A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.
2024.12.14 10:35:27
When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.
2026.01.31 18:37:29
A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.
2025.01.05 16:05:18
A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!
2024.12.03 23:09:08
MoreHot Articles

How did I turn $1,000 into $30,000 with smart money?
2024.12.09

10 promising AI Agent cryptos
2024.12.05

The 30-Year-Old Entrepreneur Behind Virtual, a Multi-Million Dollar AI Agent Society
2025.01.22

10 smart traders specializing in MEMEcoin trading on Solana
2024.12.09

A trader lost $73.9K trading memecoins in just 3 minutes — a lesson for us all!
2024.12.13

What is $SPORE? Let us take you through the on-chain records to show you how it works.
2024.12.25

