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：黄金TD)

• ·兵器工业股票-兵器工业股票代码
• ·莱币今日价格
• ·相约 TOKEN2049，在狮城与 Morph 共话「Consumer Day」
• ·10月31日南方创新成长混合C净值下跌1.04%，近1个月累计下跌5.06%
• ·近期定增股票-近期定增股票行情
• ·挪威交易所
• ·Pantera 與 ParaFi 等機構以折扣價收購 FTX 持有的 MPLX 代幣
• ·bitbank钱包注册-bitcoin钱包注册教程
• ·慢雾：Cetus被盗 2.3 亿美金事件分析
• ·ugt币价值是多少-ugc币价格
• ·比特币再创历史新高：重新理解黄金、美元和稳定币
• ·10月31日易方达平稳增长混合净值增长0.07%，近3个月累计上涨1.55%
• ·会计下的劳动保护费计入什么科目
• ·10月31日鹏扬景润一年持有混合A净值下跌0.04%，近1个月累计下跌1.22%
• ·域名币是什么意思 域名币钱包
• ·会议费税率是多少