The bill allows penalties up to 25 million USD for corporations and up to 5 million USD for individuals, along with prison terms up to 20 years. Unauthorized access to private keys is criminalized unless the owner consents. Developers must also disclose their token ownership to enhance transparency.
The goal is to create a safer investment environment by holding deceptive players accountable. With millions lost to scams, the legislation aims to deter fraudulent activities in the rapidly evolving crypto market.
Leave a Reply