Seoul Court Acquits Woori Bank in Crypto Remittance Case
A Seoul court has acquitted Woori Bank in a case involving crypto-related overseas remittances linked to South Korea's foreign exchange and banking regulations. According to NS3.AI, the court determined that Woori Bank was not the substantive business entity responsible for the transactions, criticizing the prosecutors' legal theory as overly broad. This decision marks the first judicial ruling in a case that has been ongoing for approximately four years.
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