Following recent crackdowns by the US Securities and Exchange Commission, South Korean financial regulators are reportedly planning to review cryptocurrency staking services on local exchanges (SEC). South Korean authorities told local news outlet News1 that crypto staking services have been scrutinised internationally, and that local services will be investigated. They did not provide a timeline for their investigation. South Korea’s investigation into its domestic sector follows a series of SEC crackdowns on staking services and crypto-related products that the agency claims are unregistered securities. Kraken, a cryptocurrency exchange in the United States, shut down its staking programmes last week after the Securities and Exchange Commission accused the company of violating securities law.