South Korea's Financial Services Commission is considering suspending account payments for virtual assets suspected of market manipulation.
TL;DR
한국 금융당국이 가상자산 시세 조작 의심 시 계좌 지급 정지 제도를 도입 검토 중입니다. 이는 수사 과정에서 불법 자금 이전을 방지하고 조기 처분을 막기 위한 조치로, 자본시장의 주가 조작 대응 방식을 참고합니다.
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According to ChainCatcher, South Korean financial authorities are studying the introduction of a "payment suspension" system in cases of virtual asset price manipulation to prevent suspects from transferring or concealing illicit gains during the investigation phase. The report states that during a routine meeting last November, the South Korean Financial Services Commission, while discussing related cases, proposed referencing practices used in the capital market to target stock price manipulation by freezing accounts suspected of manipulating virtual asset prices in advance, restricting outflows of funds such as withdrawals, transfers, and payments.
The report points out that under the current system, the confiscation or recovery of illegal proceeds from virtual assets can usually only be implemented after the prosecution has investigated and obtained a court order, posing a risk that assets may be transferred during this period. The Financial Services Commission internally believes that a mechanism similar to the account payment suspension mechanism in the proposed "second phase of legislation on virtual assets" could be introduced to more effectively prevent the premature disposal of unrealized gains. Financial authorities officials stated that because virtual assets are easier to conceal once transferred to personal wallets, such a system could help strengthen supervision and asset protection in the early stages.