A South Korean congressman has been sentenced to six months in prison for concealing $7.5 million in cryptocurrency assets

According to Cryptonews, former South Korean Democratic Party member of parliament Kim Nam guk is facing legal consequences for concealing a large amount of cryptocurrency assets, reflecting South Korea's strict attitude towards cryptocurrency regulation. According to local reports, prosecutors have proposed to the court to sentence Jin Nanguo to six months in prison for intentionally altering asset declarations submitted to Congress and concealing $7.5 million worth of cryptocurrency assets.