South Korea to classify crypto price manipulation as serious crime

Virtual asset price manipulation will be classified as a serious crime under the purview of South Korea's new Serious Crimes Investigation Agency (SCIA), Digital Asset reported. The agency is being established to take over investigative functions from the public prosecutor's office. The change was included in a bill on the organization and operation of the SCIA, which was passed by the National Assembly's Public Administration and Security Committee on March 18. The bill was approved in a 12-to-five vote, with 17 members present.