Search results for Digital Asset User Protection Act
Crypto
Authorities flag about 30 digital asset unfair trading cases; basic act to include account freezes, rewards
South Korea\'s financial authorities completed investigations into about 40 cases of unfair trading in digital assets over two years after the Digital Asset User Protection Act took effect and referred about 30 cases to investigative agencies. The suspects total 25, with average illicit gains of about 1.4 billion won per case. Most cases involved market manipulation, including so-called \"racehorse\" and \"fish trap\" schemes. Authorities also imposed penalties and are considering account and payment freezes and rewards for reporting unfair trading in a planned digital asset law.
Crypto
Korbit holds compliance training for employees
Korbit said on Thursday it held its \"2026 compliance training\" for employees across the company. The training was designed to strengthen the effectiveness of internal controls and spread a compliance management culture throughout the organisation. It focused on internal rules and requirements needed to establish a transparent order in the digital asset market, including compliance with the Digital Asset User Protection Act and DAXA self-regulatory rules.
Crypto
Digital asset framework act may come this month as major shareholder stake cap remains key issue
Discussions to enact South Korea\'s Digital Asset Framework Act have entered final coordination, but disagreements remain among politicians, financial regulators and the industry over limiting major shareholders\' stakes in digital asset exchanges. A plan to cap stakes at 20 percent, with exceptions up to 34 percent in some cases and a three-year grace period, is being considered. The National Assembly Research Service has raised possible constitutional issues, and opposition politicians have criticised the plan.
