Review of ‘up to 5 years in prison for unfair trade practices of virtual asset business operators’

The financial authorities are pushing for a punishment of up to five years in prison for unfair trade practices such as market price manipulation by virtual asset operators. The Financial Services Commission reported on the 23rd to Rep. According to the report ‘Basic Direction and Issues of the Act’, virtual asset issuers are obliged to submit and disclose white papers and important information, and criminal penalties are imposed if they violate the regulations.

Reference-www.hani.co.kr

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