According to Newsis, the Korea Financial Services Commission is studying the introduction of a "payment freeze" system in the virtual asset market to preemptively restrict the outflow of account funds suspected of market manipulation, preventing them from transferring or concealing unrealized gains. This measure is similar to the account freeze mechanism implemented for manipulative accounts in the stock market and is planned to be incorporated into the legislation as part of the second phase of virtual asset regulation. Regulators believe that since virtual assets can be easily concealed once they enter personal wallets, the new system will help to cut off the flow of criminal proceeds more quickly and enhance investor protection.
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According to Newsis, the Korea Financial Services Commission is studying the introduction of a "payment freeze" system in the virtual asset market to preemptively restrict the outflow of account funds suspected of market manipulation, preventing them from transferring or concealing unrealized gains. This measure is similar to the account freeze mechanism implemented for manipulative accounts in the stock market and is planned to be incorporated into the legislation as part of the second phase of virtual asset regulation. Regulators believe that since virtual assets can be easily concealed once they enter personal wallets, the new system will help to cut off the flow of criminal proceeds more quickly and enhance investor protection.