South Korean financial regulators have released a "plan to improve accounting transparency for cryptocurrencies," requiring crypto companies to disclose information about cryptocurrencies in the notes to financial statements from the next accounting year.

Under the plan, cryptocurrency issuers must clearly disclose their issuance scale and risk factors, as well as the amount and utilization plan of cryptocurrencies reserved by the company, in the notes to financial statements for investors to better understand the company's situation.

Similarly, listed companies holding cryptocurrencies for investment purposes must also disclose information such as the acquisition path and market value of the held cryptocurrencies. Cryptocurrency companies, such as cryptocurrency exchanges, must also disclose information about the amount and market value of cryptocurrencies entrusted by clients, as well as the security level to prevent hacking attacks.

Korean financial regulators say that enhancing note disclosures will help increase investors' trust in cryptocurrency companies and promote the standardized development of the industry.