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：个股)

• ·购买进账单的工本费会计分录是什么
• ·10月31日国富新趋势混合C净值增长0.10%，今年来累计上涨4.0%
• ·火币网能提现吗
• ·火比特币
• ·收到实收资本的现金流量是什么
• ·南下资金汹涌流入，第四范式大涨近25%！
• ·请问新易贷海贝上征信吗？我想在新易贷海贝上借款。
• ·SEC 未就 XRP 和狗狗币 ETF 做出决定
• ·腾讯股票属于什么
• ·各公链MEV现状调查：以太坊上套利为主，Solana上三明治攻击依旧严重
• ·今年退市股票
• ·金尊棋牌游戏平台-
• ·以太坊什么时候出的 以太坊什么时候出来的?
• ·什么是挖矿虚拟货币 挖矿虚拟币挣钱原理?
• ·黄金正努力摆脱“双顶形态”压制
• ·火币官方