The situation of Terraform Labs co-founder Do Kwon is becoming more complicated as he enters the stage of international extradition. In the United States, this individual faces up to 15 years in prison. However, if the extradition process to South Korea is carried out, the US prosecutors have shown willingness to transfer legal authority after Kwon completes half of his sentence in the United States.
The sentencing mechanisms in the two countries differ significantly. In South Korea, detention time as well as time served abroad will be included in the overall sentence by local courts. This opens up the possibility of sentence reduction, with courts potentially deciding the final penalty to range from five years or more, lower than the 15 years Kwon faces in the US.
This extradition process follows strict administrative and legal requirements between the two nations. Alongside this, global legal frameworks such as the EU’s Crypto Asset Markets Regulation continue to shape the enforcement of laws related to cryptocurrency cases worldwide. These regulatory frameworks indicate industry trends developing to handle cases involving digital assets.
Do Kwon’s case reflects the major challenges that the international legal system must face when dealing with cross-border issues in the cryptocurrency industry.
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Do Kwon May Face a Lighter Sentence When Sentenced in South Korea
The situation of Terraform Labs co-founder Do Kwon is becoming more complicated as he enters the stage of international extradition. In the United States, this individual faces up to 15 years in prison. However, if the extradition process to South Korea is carried out, the US prosecutors have shown willingness to transfer legal authority after Kwon completes half of his sentence in the United States.
The sentencing mechanisms in the two countries differ significantly. In South Korea, detention time as well as time served abroad will be included in the overall sentence by local courts. This opens up the possibility of sentence reduction, with courts potentially deciding the final penalty to range from five years or more, lower than the 15 years Kwon faces in the US.
This extradition process follows strict administrative and legal requirements between the two nations. Alongside this, global legal frameworks such as the EU’s Crypto Asset Markets Regulation continue to shape the enforcement of laws related to cryptocurrency cases worldwide. These regulatory frameworks indicate industry trends developing to handle cases involving digital assets.
Do Kwon’s case reflects the major challenges that the international legal system must face when dealing with cross-border issues in the cryptocurrency industry.