South Korean regulatory agency warns: fraud profits exceeding 4 million magnesium will face life imprisonment
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:牌价)
- 有人知道你我金融借款上征信吗?
- 物联网概念31日主力净流出114.08亿元,润和软件、四川长虹居前
- Bitcoin's gains have come to a halt, causing the ETH/BTC exchange rate to hit a new low since April 2021
- ST股概念31日主力净流出7.67亿元,ST英飞拓、ST高鸿居前
- Solana 第二代手機「Seeker」預購量突破 14 萬台,預計 2025 年中推出
- 辅助生殖概念31日主力净流出6.06亿元,力合科创、香雪制药居前
- 请问新易贷海贝申请额度怎么查看?我想申请新易贷海贝。
- Coinbase analysis of Solana network costs: activity tends to be in the western US time slot, and DEX fees account for a higher proportion than Ethereum
- 股票除息好吗
- HashKey Livio:香港Web3進入第二階段,從單點到全生態
- Solana 第二代手機「Seeker」預購量突破 14 萬台,預計 2025 年中推出
- 爱尔眼科收盘涨1.05%,主力资金净流入3991.99万元
- 请问光大银行信用卡审批中和审核中有什么区别啊?
- qt钱包备份-qt备份数据库
- 区块链投资分析工具 排名前十都有谁
- Bancor (BNT)怎么买?Bancor (BNT)在哪里买卖交易?
- 什么事区块链技术
- Rarible (RARI) 哪里可以买?交易平台推荐!
- 欧易下载网址-数字财富新舞台(V6.26.3)
- 双林股份收盘跌1.96%,主力资金净流出3173.15万元
- 虚拟货币交易平台排名 views+
- 欧亿交易所怎么样。 views+
- 数字货币交易所 views+
- 全球三大虚拟货币交易平台 views+
- 十大虚拟货币交易平台app views+
- 易欧app官网下载 views+
- 加密货币交易所 views+
- 数字货币交易平台app views+
- okx交易所app官网链接 views+
- 数字货币交易app views+