S. Korean Regulators Call For Criminal Punishments For Crypto Market Manipulation

Posted on by American Coins & Gold

S. Korean Regulators Call For Criminal Punishments For Crypto Market Manipulation
South Korea’s Financial Services Commission (FSC) wants the National Assembly to bring criminal liability to unfair behavior in crypto markets such as price manipulation and insider trading, according to a report submitted to the South Korean Parliament on Nov. 23.The FSC report will be used to draft crypto legislation that will go through the Parliament. The National Assembly ordered the FSC to come up with a comprehensive draft bill on crypto in one month, but the law probably wont be ready for the last parliamentary meeting of the year on Dec. 9, CoinDesk Korea reported.The FSC recommendations call for punishments…