Korean Crypto Exchange Sued for Controversial Token Schemes

A lawsuit has reportedly been filed in South Korea in opposition to a neighborhood cryptocurrency change over its price-pumping schemes involving token issuance. The swimsuit alleges that Cashierest’s token which pays dividends and rebates transaction costs to consumers violates the nation’s capital markets regulation.

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The Lawsuit

South Korean regulation company Aone filed a grievance with Seoul Central District Courtroom docket on Oct. 5 in opposition to Newlink Co. Ltd., the proprietor of crypto change Cashierest, in step with native media. Lawyer Kim Dong-joo at Aone’s Seocho division outlined that his company is pursuing bills in opposition to the crypto change for deviating from most of the people curiosity as a method to restore the effectively being of the cryptocurrency market, Zdnet Korea conveyed.

Korean Crypto Exchange Sued for Controversial Token Schemes

The publication described one in all many schemes utilized by the change as “Authorized…

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