208 days ago
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe penalties for violations, including life imprisonment for profiting over five billion won illegally. South Korea’s Financial
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Source: Bitcoin.com
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Regulation Crypto Cryptocurrency Exchanges Financial Supervisory Service illegal practices inspection Regulations South Korea virtual assets
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