Odaily Planet Daily News The Financial Securities Crime Joint Investigation Department of the Seoul Southern District Prosecutor’s Office plans to submit virtual asset-related papers and judgments in court as evidence to prove the securities nature of Luna tokens, including the recent U.S. District Court for the Southern District of New York A translated version of the judgment concerning Ripple, and the judgment of the United States Federal Court in Manhattan, New York, which defined cryptocurrencies as securities in the lawsuit of Terraform Labs and the US SEC.
Prosecutors emphasized, “It is not easy to recognize XRP as a security based on Korean domestic standards, but Luna Coin is different. It obtains investment funds by promising to share the profits generated by Ripple and Terraform Labs, but investors have the right to charge remittance business fees. It’s not guaranteed.” (Korea Daily Business News)