South Korea to Impose Life Sentence on Crypto Offenders Under New Rules
According to CoinDesk, South Korea's financial regulator, the Financial Services Commission (FSC), announced on July 19 that crypto offenders could face life imprisonment when new consumer protection rules come into effect. In December, the FSC proposed a consumer protection framework called Virtual Asset User Protection Act, which covers market manipulation, illegal trading, and other violations that lead to penalties or fines, depending on the severity.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
South Korea to Impose Life Sentence on Crypto Offenders Under New Rules
According to CoinDesk, South Korea's financial regulator, the Financial Services Commission (FSC), announced on July 19 that crypto offenders could face life imprisonment when new consumer protection rules come into effect. In December, the FSC proposed a consumer protection framework called Virtual Asset User Protection Act, which covers market manipulation, illegal trading, and other violations that lead to penalties or fines, depending on the severity.