Former South Korean President Yoon Suk-yeol was sentenced to life imprisonment on Thursday, February 19, for insurrection related to the martial law he imposed, which prevented Parliament from functioning normally.

The Seoul Central District Court broadcast live the sentencing of the former president, referring to his attempt to impose martial law in December 2014, “a measure that lasted six hours and triggered a political crisis in one of the world’s most stable democracies. The former president also faces other legal proceedings and has appealed previous rulings.”

Authorities addressed the prosecution’s earlier request for the death penalty, noting that in the country, insurrection is punishable by life imprisonment. They also clarified that Yoo faces eight legal proceedings that must be completed within two years.

M.Pino

Source: france24

(Reference image source: Sasun Bughdaryan on Unsplash)

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Starting in July 2024, South Korea will apply new regulations to cryptocurrency crimes. This could mean life sentences for criminals who engage in digital currency scams.

The country’s regulatory authorities recently reported that cryptocurrency crimes could lead to life imprisonment, as a way to provide greater protection to investors and citizens who are part of the crypto market.

The Financial Services Commission (FSC) proposed the Virtual Asset User Protection Law, which could come into effect on July 19, to punish market crimes such as illegal cryptocurrency trading. Depending on the severity of the case, fines will be imposed.

The agency noted: “In case of criminal sanction, a fixed-term prison sentence of more than one year or a fine equivalent to between three and five times the amount of unjust enrichment is possible.”

If the proceeds of the criminal action exceed 5 billion won, equivalent to USD 3.8 million, the penalty will be life imprisonment.

M.Pino

Source: cripto247

(Reference image source: Traxer at Unsplash)

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La entrada South Korea to apply life sentence for crypto crimes apareció primero en Bitfinance.