Encryption platform compliance violation case: Prosecutors reject probation recommendation, emphasizing insufficient compliance does not exempt responsibility.

Recently, the prosecutors of the Department of Justice expressed their views on a case involving a certain Crypto Assets trading platform and its executives. The prosecutors believe that although the platform and its senior management did take some Compliance measures after being investigated, these actions are not sufficient to warrant a sentence of probation.

The prosecutor pointed out that although the platform did start to pay attention to compliance issues after being investigated, this was merely an obligation that should be fulfilled and should not be exaggerated. He emphasized that while this remedial action after the fact is commendable, it is not sufficient to serve as a valid reason for imposing probation.

When commenting on the executives of this platform, the prosecutor stated that they do not believe this executive is comparable to other well-known Crypto Assets industry criminals, nor do they view him as a maverick. However, the prosecutor still insists that if probation is imposed in such cases, it may send the wrong message to other potential offenders, even encouraging them to engage in illegal activities on a larger scale.

Previously, the presiding judge indicated that he generally agreed with the probation office's recommendation to consider a sentence of 10 to 16 months of imprisonment, supplemented by a supervised release period of 1 to 3 years. This preliminary opinion provides a reference framework for the final judgment of the case.