According to Decrypt, the South Korean financial regulatory agency has warned that criminals who profit over $4 million (approximately 5 billion Korean won) from cryptocurrency fraud will face life imprisonment.

The "Virtual Asset User Protection Act" enacted by South Korea in July 2024 includes a series of strict measures to prevent cryptocurrency crimes. Legislators say that the bill was partially inspired by the actions of South Korean cryptocurrency founder Do Kwon and the collapse of cryptocurrency exchange FTX.

Other measures stipulated in the Virtual Asset User Protection Law include imposing fines of three to five times the amount and up to one year in prison for illegal cryptocurrency related activities.

In addition, according to a report by Yonhap News Agency, the South Korean financial regulatory agency has warned that criminals who profit more than $4 million (approximately 5 billion Korean won) from cryptocurrency fraud will face life imprisonment.

The regulatory agency also added that when suspected illegal transactions are discovered, their organization will "concentrate all investigation resources under the principle of zero tolerance and take severe punishment measures". In addition to fines, the bill also contains other measures aimed at making Korean people use digital assets more safely.

For example, the bill requires virtual asset service providers (VASPs) to keep at least 80% of customer funds in cold wallets and must set up reserves to prevent cybersecurity vulnerabilities. In addition, cryptocurrency exchanges are also required to establish strong monitoring mechanisms to detect and report suspicious activities to financial authorities. Specifically, the law prohibits the use of insider information, manipulation of market prices, and unfair trading practices.

(责任编辑：白银TD)

• ·ifcmac钱包钱包-icc 钱包
• ·pts交易平台
• ·火币网交易币种
• ·股票撤单钱-股票撤单钱不到账怎么办
• ·类似闪银奇异的口子有哪些？可以给我推荐几个吗？
• ·为什么a卡挖矿好 为什么a卡挖矿好卖
• ·汇市导航05.21：欧美短期动能受到此支撑支持，澳美或将出现深度回调？
• ·交强险保费是什么意思？详解车辆交强险费用。
• ·股票委托查询-股票委托查询什么意思
• ·10月31日银华稳健增利灵活配置混合A净值增长0.83%，近3个月累计上涨16.51%
• ·usdt怎么虚假转账 usdt假充值手法
• ·汉思能源(00554)委任徐闵为独立非执行董事
• ·交易性金融资产属于什么科目
• ·芝麻交易所虚拟货币apk下载-芝麻交易所币币交易所网页版v6.7.0下载
• ·空山什么候天气什么-空山乡天气预报十五天
• ·meme币下载官方app下载 meme币苹果安装包