CEO of South Korean cryptocurrency exchange, Coinone Mugen Cha and two top-managers of the site was summoned for interrogation to the local postal and telecommunications within the framework of investigations into margin trading with digital money. It is reported by CoinDesk, citing a local news Agency.
According to law enforcement, Coinone from November 2016 to December 2017, provides the possibility of margin trading.
“In fact, this activity constitutes illegal gambling that could be used to launder criminal proceeds”, — noted in police.
For ten months of the investigation, from August 2017, the police examined the activities of about 19 thousand traders Coinone. 20 users with the largest volume of trading — from 3 thousand to 13 thousand transactions, will also be summoned for questioning. It is noted that their accounts were about $2.8 million.
The leaders of the Coinone has already stated that it will be possible to facilitate the investigation.
We will remind, at the end of September 2017 FSC took the decision to ban the all forms of ICO and all types of lending in digital currencies, including margin trading.