South Korea's Financial Services Commission is rolling out a new enforcement mechanism to combat market manipulation in crypto markets. The regimen would allow authorities to freeze suspect accounts ahead of withdrawal attempts—essentially locking up gains before they're converted to fiat. It's modeled on existing stock market tools but adapted for the speed and opacity challenges crypto presents. The move aims to sidestep court warrant delays that have historically hampered investigations. Worth monitoring if other jurisdictions adopt similar pre-emptive freezing protocols.
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PuzzledScholar
· 01-07 05:48
Frozen accounts are directly frozen. Korea is trying to trap retail investors...
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GateUser-c802f0e8
· 01-06 16:54
Freezing accounts? That's a tough move, it feels like it's really happening.
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zkProofGremlin
· 01-06 16:54
Frozen accounts? Now the newbies really can't escape haha
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quietly_staking
· 01-06 16:47
Frozen account? Now the newbies might not even have a chance to run away...
South Korea's Financial Services Commission is rolling out a new enforcement mechanism to combat market manipulation in crypto markets. The regimen would allow authorities to freeze suspect accounts ahead of withdrawal attempts—essentially locking up gains before they're converted to fiat. It's modeled on existing stock market tools but adapted for the speed and opacity challenges crypto presents. The move aims to sidestep court warrant delays that have historically hampered investigations. Worth monitoring if other jurisdictions adopt similar pre-emptive freezing protocols.