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:时讯)
-
郑方强调,应该认识到,在对实体经济有帮助的时候,我们不能把虚拟经济和实体经济对立起来。...[详细]
-
有人问过他同样的问题,你为什么爬那么多山,他回答很简单,因为山在那里。...[详细]
-
document.writeln('关注创业、电商、站长,扫描A5创业网微信二维码,定期抽大奖。...[详细]
-
1/3三板公司是“僵尸”,住宿和餐饮业出”僵尸“几率最大 新三板“僵尸”遍地。...[详细]
-
到现在仍然保持独立运营,人数不过二十多人。...[详细]
-
所以,在未来,手游必将往着精品化和重度化方向进化发展,打造出现象级的品牌来吸引用户关注,是手游厂商的最好的出路。...[详细]
-
然而鸡血并不能让创业者跳过现实的“狗血”,创业路上总会有一些事情不得不把你拉回地面。...[详细]
-
过去商户是通过电话、短信形式报给他,有时会漏单,很不方便记下来。...[详细]
-
TOP9:美宝莲Angelababy直播营销2小时卖10000只口红 曹淼(年轻盟创始人、人人CMO):美宝莲运用AB来做的电商直播,堪称一次非常完美的营销创新,虽然之后也有诸多品牌做了更多电商...[详细]
-
Joe从小跟着父亲学棋,父子俩时不时就要杀上一盘。...[详细]