South Korean Prosecution Chief Calls for Swift Justice in Crypto Crimes: Impact on Coin Market (BTC, ETH)

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South Korean Prosecution Chief Calls for Faster Justice in Crypto Crimes

South Korean prosecution official, Lee Jeong-ryeol, calls for faster justice in crypto-related crimes.

Lee emphasizes the need for faster investigations, trials, and sentencing to restore trust in the virtual assets market.

The nation’s only investigative organization dedicated to crypto-related crimes is set to become a permanent entity.

South Korea’s top prosecution official urges for quicker justice in crypto crimes, stating that the current process is too slow. The nation’s only investigative organization dedicated to crypto-related crimes is set to become a permanent entity.

Need for Speed in Crypto Crime Justice

Lee Jeong-ryeol, the head of the Seoul Southern District Prosecutors’ Office’s joint crypto investigation unit, expressed his concern about the slow pace of regulation rollouts and punishment of crypto-related crimes. He emphasized the need to restore trust in the virtual assets market, which he described as a “lawless zone”. To achieve this, Lee insists on speeding up the pace of investigations, trials, and sentencing.

Addressing Crypto Crimes with New IT

Despite the novel aspects that crypto-related crimes present, Lee argues that they are essentially no different from conventional financial fraud. He believes that investigative agencies and courts should not find it difficult to deal with virtual asset crimes using new IT. He justified this by stating that the essence of st... Read the full article for FREE at COINOTAG!