Korean court jails fake-coin launderer under new crypto user protection law
REGULATIONFSCcoinbrief/daily · 1 source
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What happened
A court in South Korea has jailed a man for two and a half years for moving money from a fake crypto investment scam. He was convicted under a new law that protects crypto users, and prosecutors are now using it against ordinary scams too.
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What to do
- Watch for further prosecutions under the Virtual Asset User Protection Act that do not come through FSC or FSS referral.
- Watch the prosecutors' appeal against the Jong-hwan Lee ruling over the about 7.1 billion won in dropped charges.
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Full story timeline · 1 update
Who reported · 1 outlet
Cryptopolitan