News

October 31, 2023

Legal Consequences of Violating Capital-Markets Law in the Crypto Industry

Natasha Fernandez
Written byNatasha FernandezWriter
Researched byNikos PapadopoulosResearcher

Introduction

In April, Shin was indicted by South Korean authorities for his involvement with a multibillion-dollar crypto enterprise. He was charged with violating capital-markets law. Shin's lawyer stated that he had left the company two years prior to its failure.

Legal Consequences of Violating Capital-Markets Law in the Crypto Industry

Departure from the Company

During the trial in South Korea, Shin's lawyers reiterated that he had 'parted ways' with co-founder Kwon in 2020.

Conclusion

Shin's indictment and charges highlight the legal consequences of violating capital-markets law in the crypto industry. This case serves as a reminder for individuals and companies to adhere to regulatory requirements and maintain transparency in their operations.

About the author
Natasha Fernandez
Natasha Fernandez
About

Natasha "CryptoQueen" Fernandez bridges the gap between blockchain buzz and casino charisma. From New Zealand's serene landscapes to the volatile world of crypto, she's making waves in the online gaming sphere. With CryptoCasinoRank, she paints a future where chips meet chains seamlessly.

Send mail
More posts by Natasha Fernandez

Latest news

Shibarium: Thriving Community, Impressive Growth, and Increased SHIB Burn Rate
2024-02-16

Shibarium: Thriving Community, Impressive Growth, and Increased SHIB Burn Rate

News