Sentencing Date for VA Exchange Owners Crowded in December—Impact on Consumer Trust

There is increasing attention to the court’s ruling on the major shareholders of Upbit and Bithumb, the two major cryptocurrency exchanges in Korea, for charges of fraud. Partner attorney Ohoon Kwon predicted that since the Act on Reporting and Using Specified Financial Transaction Information only deals with the CEO’s financial criminal record, the operation of the exchanges will not be affected even if the CEOs are convicted and receive criminal punishment.

URL: Sentencing Date for VA Exchange Owners Crowded in December—Impact on Consumer Trust