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：基金优选)

• ·美借小额分期审核需要多久？不是很明白审核时间。
• ·BITO高股息背后的原因解析：期货交易与利息收益驱动
• ·库神钱包多少钱一个
• ·火币网投资
• ·火币网交易币种
• ·Buidler’s Voice对话Eigen Foundation：AVS重塑以太坊质押格局
• ·增值税减免属于政府补助吗
• ·doge币有价格-doge币有价值吗
• ·全球热门比特币网站有哪些？手续费最低比特币网站十大排名
• ·主流币交易平台哪个好 虚拟币主流币交易所排名
• ·以太坊：38 亿美元流入，但 ETH 用户采用却停滞不前——原因何在？
• ·比特币国际价格
• ·分公司缴纳印花税吗
• ·币圈火哥
• ·a16z 领投 Catena Labs 1800 万美元种子轮，加密行业押注稳定币 AI 支付
• ·什么什么猪游戏盒子