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South Korea Passes Cryptocurrency Bill Tackling Unfair Trading | CoinMarketCap

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CryptoNews: South Korea has passed a new crypto bill called the Virtual Asset User Protection legislation, which is designed to regulate unfair trade practices and protect crypto investors. 🇰🇷

In South Korea, Virtual Asset Service Providers Are Now Required to Take Responsibility for Customers' Deposits

The law combines 19 crypto-related acts, creating a single bill that defines digital assets and imposes fines for illegal trading methods such as exploiting undisclosed information, manipulating the market, and other unfair trading methods in the cryptocurrency industry.

 

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