PANews reported on January 9th that, according to Seoul Kyungjae, South Korea's Financial Services Commission (FSC) has drafted a new bill proposing fines of upPANews reported on January 9th that, according to Seoul Kyungjae, South Korea's Financial Services Commission (FSC) has drafted a new bill proposing fines of up
South Korea plans to fine cryptocurrency exchanges that have been hacked up to 10% of the stolen value.
PANews reported on January 9th that, according to Seoul Kyungjae, South Korea's Financial Services Commission (FSC) has drafted a new bill proposing fines of up to 10% of stolen assets against cryptocurrency exchanges that have been hacked. This draft bill comes against the backdrop of the $36 million attack on Upbit in November 2025. If the new regulations had been in effect at that time, the fine would have reached $3.6 million, far exceeding the current $456,000 cap. The FSC emphasizes that exchanges must meet IT security standards comparable to traditional financial institutions. Another bill proposes a fine of 3% of annual revenue, potentially reaching $36 million; the direction of this regulatory legislation is still under discussion.
Market Opportunity
Effect AI Price(EFFECT)
$0,00484
$0,00484$0,00484
USD
Effect AI (EFFECT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Tether CEO Delivers Rare Bitcoin Price Comment
Bitcoin price receives rare acknowledgement from Tether CEO Ardoino
Share
Coinstats2025/09/17 23:39
Zepto Life Technology Launches Plasma-Based FungiFlex® Mold Panel as CLIA Reference Laboratory Test
ST. PAUL, Minn., Jan. 21, 2026 /PRNewswire/ — Zepto Life Technology has announced the launch of the FungiFlex® Mold Panel, a plasma-based molecular diagnostic test
Share
AI Journal2026/01/21 23:47
Polygon Tops RWA Rankings With $1.1B in Tokenized Assets
The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40