PANews reported on December 18 that according to Cryptonews, former South Korean Democratic Party congressman Kim Nam-guk is facing legal consequences for concealing a large amount of cryptocurrency assets, which reflects South Korea's harsh attitude towards cryptocurrency regulation. According to local news, according to local reports, prosecutors have proposed to the court to sentence Kim Nam-guk to six months in prison for deliberately tampering with the asset declaration submitted to the National Assembly and concealing cryptocurrency assets worth $7.5 million.
South Korean lawmaker sentenced to six months in prison for hiding $7.5 million in crypto assets
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