South Korean Court Sentences Three Members of Crypto Scam Gang
A South Korean court has sentenced three individuals involved in a cryptocurrency scam that defrauded investors of approximately $416,000. The ringleader received a four-and-a-half-year prison term, while two accomplices were sentenced to lesser terms. This case highlights the increasing vigilance…
Japan to Classify Crypto as Financial Products and Impose Insider Trading Restrictions
Japan’s Financial Services Agency (FSA) is preparing to amend its Financial Instruments and Exchange Act to classify cryptocurrencies as financial products. This regulatory shift will bring digital assets under the same framework as traditional securities, making them subject to insider…