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South Korea Considers Preemptive Crypto Account Freezes to Curb Market Manipulation

South Korea Considers Preemptive Crypto Account Freezes to Curb Market Manipulation

Author:

Global Cryptocurrency

Published:

2026-01-07 12:24:02

19

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BTCCSquare news:

South Korea's Financial Services Commission is exploring measures to freeze cryptocurrency accounts suspected of market manipulation before illicit profits are withdrawn. The proposed system would bypass current requirements for court warrants, allowing regulators to act swiftly against tactics like wash trading and pump-and-dump schemes.

Discussions since November 2023 aim to strengthen the VIRTUAL Asset User Protection Act. The move reflects growing institutional scrutiny as digital assets mature, with authorities seeking tools comparable to traditional market oversight mechanisms.

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