Korean court ruling on lunc
South Korea surprises everyone with its decision on LUNA and TerraUSD The South Korean Supreme Court ruled that TerraUSD and LUNA are not financial investment products. The court confirmed that LUNA does not meet the legal definition, while the assets of Terraform Labs co-founder Shin Hyun-seong were seized... Korean prosecutors' attempts to seize the crypto assets of Terraform Labs executives have failed, as the TerraD stablecoin and its associated LUNA token are not subject to financial regulations.
The Supreme Court settled the dispute, confirming that these tokens do not meet the standards of financial investment products.
But this does not prevent further charges against Do Kwon and his partners and subordinates. This is an initial admission that the currency was explained in the white paper is not safe.. What are the consequences of that?
There is no fraud case.. There is no mandatory compensation.. I think
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