Kim Nam-kuk, a member of South Korea’s Nationwide Meeting, allegedly liquidated greater than $4 million price of crypto earlier than lawmakers within the nation enforced the Monetary Motion Process Drive’s “journey rule.”

In line with a Could 8 report by the Korea Instances, authorities from the Korea Monetary Intelligence Unit are investigating Kim for buying and selling about 6 billion gained ($4.5 million) price of crypto belongings earlier than South Korea launched the journey rule in March 2022. Lawmaker reportedly stated he did not money within the belongings however had as a substitute transferred them to a different alternate, additionally claiming there was no have to report such exercise.

Proceed studying on Coin Telegraph