❕NEWS – Failure to report cryptocurrency transaction in South Korea may require imprisonment | NewProxyLists

The official institution of the country, which supervises financial markets and related developments, made it mandatory to report all kinds of crypto money transactions within the scope of the fight against money laundering.
It has been reported that those who do not comply with the law that will enter into force on 25 March can be sentenced to imprisonment of up to 5 years.
What do you think about this legal regulation?