South Korea’s financial regulators are planning to review local staking services, according to Forkast News.

The country cited the recent contradiction between the U.S. Securities and Exchange Commission (SEC) and the crypto exchange Kraken, as Forkast News reported.

At the beginning of the month, the SEC charged Kraken for violating the regulations since the exchange didn’t register its staking service as a security offering. Upon this, Kraken suspended its staking services for its users residing in the U.S.