2023.03.10
Voice Phishing Relief Procedures Will Be Applied To Virtual Asset Exchanges in Korea
The FSC is taking measures against voice phishing done through virtual asset exchanges and prepaid businesses. Once the amendment to the Voice Phishing Act is made in April to encompass virtual assets and VASPs, a cooling-off period will be introduced to delay the liquidation of virtual assets acquired through illegal activities like voice phishing. Moreover, identity verification will be strengthened, and prepayment businesses will be obliged to provide financial transaction information to financial companies when reporting voice phishing.
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