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)
-
餐饮还需回归本质 必须承认,上述创新都有开拓性意义。...[详细]
-
一开始几个合伙人凑钱开发了3款同城社交产品,市场表现均不温不火,用户量也始终上不去。...[详细]
-
完全匹配广告系列,只需使用完全匹配关键字,而不使用否定关键字。...[详细]
-
政府宣称这次废钞行动是为了打击印度社会广泛存在的洗黑钱,偷税漏税和使用假币等行为,用一个深水炸弹让不法之徒躲避国家金融监管的现金货币都浮出水面。...[详细]
-
对于《朝阳群众奥运台》等节目的火热,王涛对三声(ID:tosansheng)记者表示:“一方面是奥运的红利,另一方面用户的习惯真的发生了变化...[详细]
-
主营业务收入90%以上来源于加盟模式的产品销售。...[详细]
-
很多时候新人不容易调动资源,老人容易调动。...[详细]
-
而真正手上握有大量现金黑钱的富人和权贵,却总有各种途径可以毫发无伤地洗白白上岸。...[详细]
-
纪录片《江南味道》介绍了醉庐之后,很多人慕名来寻找这个藏于江南小村的院子。...[详细]
-
以太坊Pectra升级悄然变革,20%涨幅背后是新一轮狂暴山寨季吗?
第三掌握总会总的方法论,不管是金字塔思维,还是思维导图,还是六顶思考帽,还是头脑风暴,其实都是总分总的具体形式体现,第一个“总”是问题的关键,“分”...[详细]