South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices

[Bitcoin]

South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices

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 […]

Source: South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices