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：白银TD)

• ·c网交易平台
• ·trc链查询TRC链官方查询服务
• ·企业购买期货计入什么科目
• ·10月31日南方潜力新蓝筹混合A净值下跌0.17%，近1个月累计上涨1.5%
• ·莱特币交易今日行情
• ·10月31日金信精选成长混合A净值增长4.00%，近3个月累计上涨16.91%
• ·比特币提币什么意思 比特币提币什么意思啊
• ·2025USDT交易平台_最新榜单前10名加密货币交易平台排行
• ·股票庄家建仓-股票庄家建仓到出货全过程
• ·百晓交易平台
• ·什么是万能币 万能币是什么意思
• ·10月31日摩根行业轮动混合H净值增长0.05%，近3个月累计上涨7.25%
• ·白山4月份穿什么裤子-长白山4月份穿什么衣服
• ·环旭电子三季报增收不增利，三费猛增侵蚀利润，盈利能力明显下滑
• ·比特币早期行情
• ·2021年怎么挖矿 2021如何挖矿