Search results for "PICA"

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2024-05-27

09:42

PANews May 27th news, according to South Korean media Digital Asset, the South Korean Ministry of Justice stated that "the Seoul Southern District Prosecutor's Office's virtual asset crime joint investigation team is working hard to crack down on market manipulation of virtual assets, unreported virtual asset exchanges, and virtual asset deposit fraud." The Ministry of Justice selected the PICA fraud case of 90 billion Korean won, the illegal exchange business of 5,800 Korean won, and the Haru Invest deposit fraud case of 1.4 trillion Korean won as representative examples of the three crimes. The Ministry of Justice said, "We are discussing the formulation of subsidiary laws with the Financial Commission and the Financial Supervision Institute, such as the calculation method for unfair profits from unfair trading practices of virtual assets." He added, "We expect this to help investigate unfair trading practices in the virtual asset market quickly, thoroughly recover the proceeds of crime, and improve the reliability and stability of the market."

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