FSS exempts crypto exchanges from credit info law for reporting manipulation

It has recently come to light that South Korea's Financial Supervisory Service (FSS) issued a no-action letter exempting virtual asset service providers from certain legal obligations when reporting market abuse, Digital Asset reported. The letter, issued on Dec. 1, 2025, states that VASPs will not face penalties under the Credit Information Act for violating notification and disclosure duties when they report suspected unfair trading practices to the Financial Services Commission (FSC) or the FSS, or when they submit data required for an investigation. A no-action letter from the FSS confirms that the agency will not take subsequent legal action against the specified activities, provided they align with the letter's guidance.