Lunc News: LUNA Is Not A Security, Declares S.Korean Court
Also Read: Ex SEC Chief Warns Of More Crypto Lawsuits Ahead; Which Exchange Can Be Next? advertisement LUNA Classic To Be Treated Separately? As per reports, a South Korean District Court rejected the prosecution’s claims around the crypto LUNA. However, the court also dismissed the state’s appeal of confiscating Hyun-Seong Shin, Terraform Labs ’ former co-CEO. In the judgment, the court mentioned that it is difficult to see LUNA (now LUNC ) as a financial investment product that can be regulated by the Capital Markets Act. It is important to note that most of the previous South Korean court trials declared that cryptos were not examined as securities. However, the other courts used terms such as “there is a room for dispute in terms of the law”. Read More LUNC News Here… The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 ...