South Korea’s Digital Communications Secretary Kim Nam-guk Acquitted in Crypto Asset Dispute Case
According to a report by Jinse Finance, Kim Nam-kuk, Digital Communications Secretary at the South Korean Presidential Office, has been acquitted at the appeal stage in a lawsuit related to cryptocurrency holdings. He was previously accused of deliberately concealing a large amount of cryptocurrency assets in his parliamentary asset declaration. Prosecutors alleged that, before officially declaring his assets in 2021 and 2022, Kim Nam-kuk transferred funds from cryptocurrency exchanges to bank accounts and then converted them back into digital assets, with the intention of obstructing the ethical review of officials' asset declarations. The indictment in August last year highlighted the controversy of the case and the regulatory pressure on how public officials should declare digital assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 62% of Americans expect the unemployment rate to rise in the next 12 months
Bitcoin OG Moves Another 4,000 BTC to Buy ETH, Total Purchases Reach 179,448 ETH
Trending news
MoreCrypto prices
More








