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：财富观察)

• ·请问微信简借借款是真的吗？最近想在简借借款上借钱。
• ·瑞波币价格分析：XRP 需要什么才能突破盘整
• ·莱特币怎么下载 莱特币怎么下载app
• ·散户股票融资
• ·知名交易員 Ansem 不玩迷因改捧 Sonic（原 Fantom）？AC 與 Monad 團隊成員網上開嗆
• ·已经抵扣的进项税额转出怎么账务处理
• ·递延所得税资产适用的税率是多少
• ·羽毛币价格
• ·汇兑损益结转会计分录是什么
• ·矿池转钱包
• ·区块链钱包下载-区块链钱包下载官方app
• ·子公司注销清算后账务怎么处理
• ·杭州公积金贷款怎么申请？我想在杭州申请公积金贷款买房，怎么弄。
• ·附加税的计税依据是实缴增值税吗
• ·20 个项目方亲述，Monad 如何捕获他们的心？
• ·Friend. Tech development team gives up contract control! FRIEND token plummets, Big Brother Maji's face turns green