Virtual Asset User Protection Act - CoinGeek

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Virtual Asset User Protection Act

South Korea imposes new supervisory fees on top exchanges

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10 August, 2024

South Korea imposes new supervisory fees on top exchanges

Upbit is expected to cough out the largest amount at nearly $103,000 in the Financial Services Commission’s new and unexpected...

South Korea’s first digital asset law comes into force after year of finessing

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22 July, 2024

South Korea’s first digital asset law comes into force after year of finessing

The Virtual Asset User Protection Act focuses on investor protection and mandate that exchanges keep at least 80% of user...

South Korea wants digital asset criminals sentenced to life imprisonment

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8 February, 2024

South Korea wants digital asset criminals sentenced to life imprisonment

The new amendments will hand life sentences to any criminal that embezzles over $3.8 million, with the minimum time served...

South Korea regulators pledge regulatory framework supporting investor protection

Wahid Pessarlay

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20 October, 2023

South Korea regulators pledge regulatory framework supporting investor protection

Regulators in South Korea are working to establish a framework for the Virtual Asset User Protection Act, aiming to safeguard...

South Korea passes bill aimed at protecting consumers a year after Terra’s collapse

Wahid Pessarlay

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7 July, 2023

South Korea passes bill aimed at protecting consumers a year after Terra’s collapse

The latest bill comes with severe consequences for breachers but pundits claimed that the regulation is stuck in the perspective...

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