TechFlow news on November 25 — According to Korea's Maeil Business Newspaper, South Korea's financial regulators have begun legislative efforts targeting virtual currencies, marking the first time that cryptocurrency regulation has been formally institutionalized. In the future, anyone profiting improperly from cryptocurrency trading through market price manipulation or use of non-public information is expected to face at least one year in prison and fines of at least three times the illicit gains. Additionally, cryptocurrency issuers will be required to disclose white papers, legal opinions, and business reports to users, with violations leading to criminal penalties. Industry analysts predict that if this "Cryptocurrency Bill of Rights" is enacted, virtual currencies will be formally integrated into the regulatory system, similar to banks, insurance, and other financial sectors.【Original Link】
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