South Korea has begun investigating cryptocurrency trading platforms and their staking services, which may be subject to regulation

ChainCatcher news, according to News1, South Korean financial authorities have recently requested that the country's crypto trading platforms based on the Korean won prove the operational principles and commodity-related evidence of their staking services. Among the four cryptocurrency trading platforms that provide staking services, three have acknowledged that they recently received requests from the Financial Supervisory Service of the country to investigate their staking services.

Reports indicate that the reason the financial authorities have begun to focus on the staking services of trading platforms is due to the recent objections raised by the U.S. Securities and Exchange Commission (SEC) against Kraken's staking services, claiming they violate securities laws.

Analysts suggest that although the legal systems in the U.S. and South Korea are different, authorities have started to examine the country's staking services and noteworthy cases within the crypto industry. Officials in the country stated, "If included in regulation, trading platforms aimed at product diversification may find it difficult to implement their strategies." (Source link)