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：新股)

• ·比特币交易平台推荐 全球知名排名前九的炒币交易所
• ·币圈交易平台app排名下载 币圈十大交易软件app
• ·在国外平台买虚拟币便宜吗_比特币交易所排行榜
• ·福建哪里的
• ·比特币交易平台都有哪些？十大虚拟货币钱包APP
• ·区块链热钱包 区块链热钱包免费v6.7.0
• ·2025全球币圈五大交易所 全球比特币交易所排名
• ·加密币软件 加密币软件官网交易平台v6.1.8
• ·北京带宝宝去哪里玩好
• ·下一场 DeFi Summer，有可能还是 DeFi Summer
• ·可以交易的以太坊官网地址都有哪些？最好的加密币交易平台汇总
• ·100毫升等于多少克？一文搞懂！100毫升多少克
• ·中国虚拟币平台排行_Gate.io网交易平台不可以下载了吗?
• ·拍拍贷逾期50天警察会上门吗，拍拍贷逾期的后果是什么？
• ·全球币圈usdt交易平台交易所平台十大最具影响力排名 usdt交易十大usdt交易平台有哪些
• ·币圈分析软件 虚拟货币十大交易平台