Terra LUNA coinmarketcap South Korea Considers Tougher Crypto Laws After Terra Crash

South Korea Considers Tougher Crypto Laws After Terra Crash

– The South Korean National assembly is planning to discuss the Crypto related issues during the enactment of the Virtual Property Industry Act.
– The recent example of Terras UST crash has gained the interest of regulators around the world.
– The report includes that regulation over stablecoins is very important.
– Around 13 bills related to the cryptocurrency proposed in the South Korean Assembly will be part of the legislative dialogue.
– The submitted report includes the regulation against unfair trade, undisclosed information and price manipulation in the crypto market.
– The sanctions will include fines, imprisonment, seizure and other penalisation.
– A bill to make it necessary to submit the White paper for a cryptocurrency came into the assembly.
– The bill aims to bring the companies having business overseas under the regulation.
– Raising tokens price, insider dumping and fake orders to generate unfair profit from crypto trading will come under both administrative and civil sanctions.

 

 

Terra LUNA coinmarketcap South Korea Considers Tougher Crypto Laws After Terra Crash
South Korea Considers Tougher Crypto Laws After Terra Crash 3

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