South Korean Congressman Sentenced To Six Months in Prison for Concealing $7.5M in Crypto Holdings

Former South Korean Congressman Kim Nam-guk has been sentenced for concealing $7.5 million in cryptocurrency holdings, facing a six-month prison term for falsifying asset declarations to the National Assembly amid ongoing debates on crypto regulation.
The post South Korean Congressman Sentenced To Six Months in Prison for Concealing $7.5M in Crypto Holdings appeared first on Cryptonews. …

ASIC Takes Binance to Court for Denying Important Consumer Protections

Oztures Trading Pty Ltd, trading as Binance Australia Derivatives, offered crypto derivative products to 505 retail investors from July 2022 to April 2023. However, the investors representing about 83% of its local clientele were misclassified as wholesale clients.
The post ASIC Takes Binance to Court for Denying Important Consumer Protections appeared first on Cryptonews. …