Tag: and Korea Financial Intelligence Unit

Korean Crypto Exchange Coinone Faces Illegal Gambling Charges

Cryptocurrency exchange giant Coinone—the third largest in the Korean peninsula—will face charges of illegal gambling, according to the South Korean police. After a 10-month investigation, the cybercrime investigation unit of the South Korean southern provincial police department recommended the prosecution of Coinone’s CEO Chae Myung-hoon and two other officers. The three will face charges of