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：私募资讯)

• ·ChatGPT 分析瑞波币价格预测：XRP 达到 100 美元的可能性有多大？
• ·全面了解欧艺注册流程及欧艺交易所app官方下载，轻松参于数字货币交易
• ·5月23日市场关键情报，你错过了多少？
• ·人人挖矿月收入多少
• ·eos正常价格
• ·广电计量(002967.SZ)：累计回购0.72%股份
• ·投资活动产生的现金流量净额为负数什么意思
• ·什么的庐山-什么的庐山填合适的词
• ·莱特币行情最新价
• ·流动性风投或将塑造更有效的加密市场？
• ·股票板块查询
• ·蓝色光标收盘涨1.39%，主力资金净流出7563.92万元
• ·上游厂商给企业的返利在哪个科目核算
• ·狗狗币挖多少了
• ·加密货币今日行情走势
• ·比特币交易密码多少