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:私募资讯)
-
目前国内体育短视频创业,仍然是董路、孙继海、王涛等大V借由粉丝运营获取更多用户的行为,更多机构从事的是“搬运”赛事片段的工作。...[详细]
-
过早站队可能会使得公司之后没机会和百度、阿里接触。...[详细]
-
BitMine 推出比特币财务咨询业务,首笔交易达400万美元
在开发过程中,杨国强自己的建筑公司承担了集团一半以上的建筑项目。...[详细]
-
新榜:以往很多品牌选择地铁投放,都会侧重“北上广”这三个城市,网易云音乐为何选择杭州? 网易云音乐:杭州近段时间的发展比较快,尤其是在G20峰会以后,也进入了准一线城市的...[详细]
-
——网易云音乐用户@BORNSICK 在梁静茹《会过去的》歌曲下方的评论 关于友情 我想做一个能在你的葬礼上描述你一生的人。...[详细]
-
请问广发信用卡可以用工行ATM还款吗?还能怎么还款啊?多久能到账?
如今域名中国还在做域名生意,但开始涉足做知识产权交易平台...[详细]
-
公链稳定币竞争新格局:SUI增速领跑,波场USDT发行量超越以太坊
如果你的界面过于混乱,信息过多,用户就较难理解了。...[详细]
-
号称500万元买秘方,在雕爷牛腩能和大咖同吃一口咖喱等等,很多餐饮老板不断推陈出新,试图用营销抓住眼球。...[详细]
-
2025年链游「大逃杀」:17款Web3游戏停运,谁在杀死区块链游戏?
每次开董事会就成了一场辩论赛,一个比一个能说“冯仑谈宏观,潘石屹讲数字,易总大讲特讲佛与道”,王功权根本无法拍板。...[详细]
-
我们当时就想着,平台一旦成型,将很快可以达到一个比较大的规模,流量大了之后,我们就可以成为规则的制定者,到那个时候,我们赚钱的门道就多了,对上游,我们每一条产品线都可以收供应商的佣金;对中游,我们...[详细]