Crypto World News reports that on April 11 (UTC+8), South Korea’s financial regulatory authorities are considering whether to include a clause on “confiscating the principal in virtual asset insider trading cases” in the second-phase law expected to be announced in the second half of this year. Under the current 《Virtual Asset User Protection Act》, the government is only authorized to confiscate investment principal when fraudulent transactions or market manipulation are involved. Therefore, in cases of insider trading, there is no legal basis to confiscate investment principal. As a result, the Financial Supervisory Service has recently submitted this issue to the Financial Services Commission, which is currently reviewing whether to include it in the second phase of the law. In the stock market, all unlawful trading-related crimes can result in the confiscation of investment principal.

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