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：银饰)

• ·现货杠杆交易平台-现货杠杆交易平台有哪些
• ·币宝币交易平台
• ·比特币发行行情-比特币发行行情最新消息
• ·百万赎金背后的犯罪浪潮：加密高管遭遇 「扳手攻击」
• ·专家称 XRP 正进入其历史上最重要的时刻之一：原因如下
• ·香港好用元宇宙软件都有什么？正规虚拟币交易所排行榜
• ·技术 VS 主权：Cosmos 被央行数字货币 「悄悄采纳」
• ·哪里比特币行情软件
• ·汇丰银行推出香港首个基于区块链的结算服务
• ·比特币怎么计算 比特币怎么计算出来的
• ·稳定币市场报告：当前收益需求大于交易需求；BTC和USDT市值高度相关
• ·uni币最新价格
• ·股权登记日股票会涨吗-股权登记日股票会涨吗一般股票登记日股票会涨吗
• ·比特币突破105,000美元
• ·dat币今日价格-dat币最新价格
• ·Fractal Bitcoin：BTC 原生扩展解决方案，重燃 BTC 生态之火