FSC

Korean court jails fake-coin launderer under new crypto user protection law

A Goyang court sentenced a launderer to two and a half years for handling about 501 million won from fourteen victims of a fake-coin scam. He was convicted under the Virtual Asset User Protection Act without a prior referral from the FSC⬟ or FSS⬟, which the court said was a first. His appeal was rejected in October, making the sentence final.