Implementation of new laws in south Korea, digital currency criminals can be sentenced to life in prison!
South Korea's Financial Services Commission has announced that with new consumer protection laws coming into effect in July, crimes related to digital currencies in the country could be punishable by life in prison. Korea's financial regulator proposed a consumer protection framework called the Virtual Asset Protection Act in December. In these new laws, market manipulation, illegal trading and other violations will be punished or fined depending on their severity. According to the Korea Financial Services Commission, criminals are likely to be sentenced to life in prison if the proceeds of crime exceed 5 billion won, equivalent to about $3.8 million.