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 for digital currency crime at one year.
Latest Virtual Asset User Protection Act News
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 investors and the local digital currency ecosystem.
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 of traditional finance rules.