South Korean lawmaker Kim Nam-kuk was acquitted in the case of concealing cryptocurrency assets totaling 6.8 million dollars. The court ruled that at the time of the crime, the law did not require the disclosure of such data 💼

South Korean lawmaker Kim Nam-kuk was acquitted of charges of concealing cryptocurrency assets. The court ruled that at the time of the alleged crime, the country's legislation did not require the disclosure of such data. Kim was accused of hiding 6.8 million dollars in cryptocurrency, while his declaration stated only 834 thousand dollars. However, the court decided that the laws did not require the disclosure of cryptocurrency assets, and this cannot be considered a crime. Despite the acquittal, the prosecution may appeal. Kim left the Democratic Party to reduce political pressure.