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：游戏)

• ·通用申报表工会经费怎么申报
• ·法新社在网络犯罪调查中查获比特币、豪车和豪宅
• ·比特币交易平台国家合法平台有哪些？交易所排名
• ·aicoin行情
• ·eth最新价格0
• ·钱包里面代币没有价格-钱包里面代币没有价格怎么办
• ·ok上usdt价格
• ·新经币价格是多少-新经币价格是多少人民币
• ·智能合约平台eos-智能合约平台
• ·公积金新卡
• ·人人ico众筹平台-人人众筹平台官网
• ·山寨币钱包app开发
• ·币安现货与期货比率攀升至2023年以来最高水平，市场情绪转向看涨
• ·Three Arrows联合创始人的OPNX交易所正在关闭
• ·As the price of Polkadot drops by half, founder Gavin Wood decides to become a DJ
• ·低价优质股票