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The saga of Terraform Labs co-founder Do Kwon continues to unfold, with a court in Montenegro approving his extradition to either South Korea or the United States.

The High Court of Podgorica has determined the legal requirements for Kwon’s extradition, according to an official statement posted on the court’s website on Nov. 24.

As the court approved Kwon’s extradition to either the U.S. or South Korea, the final decision on his extradition will be made by Montenegro’s minister of justice, the announcement notes.

Previously, a court in Montenegro sentenced Kwon to four months in jail after finding him guilty of using a forged passport to try to flee to Dubai via private jet. In June 2023, Kwon was reportedly charged with attempting to leave the country using a fake Costa Rican passport.

If the minister of justice allows the final extradition of the defendant, the extradition will occur after the execution of the criminal sanction announced before in the case of forged documents, the court statement notes.

Related: SEC seeks summary judgment in Do Kwon and Terraform Labs case

Kwon was arrested in Montenegro in March 2023 for his role in the $40-billion collapse of the Terra ecosystem in May 2022. As both the U.S. and South Korea subsequently requested Kwon’s extradition, some prosecutors suggested that the Terraform Labs co-founder could be subject to multiple sentences in both countries.

Do Kwon was arrested for trying to flee Montenegro using fake documents. Source: Fortune

In the U.S., Kwon is facing a fraud-related civil lawsuit from the Securities and Exchange Commission alongside several criminal charges by the Justice Department over the collapse of TerraUSD and LUNA. If Kwon is extradited to South Korea, he could reportedly face a 40-year jail sentence in the country, where he allegedly committed most of his crimes.

Last week, Montenegro’s highest court reportedly denied Kwon’s appeal, forcing him to remain imprisoned. According to online reports, Kwon is currently being held at Spuž prison near the Montenegrin capital of Podgorica, where he is allowed to go outside for one hour daily. European officials reportedly said that the prison is cramped and poorly ventilated.

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Indian town adopts Avalanche blockchain for tamper-proof land records

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Indian town adopts Avalanche blockchain for tamper-proof land records

A district administration in India digitized more than 700,000 land records, securing them on Avalanche blockchain to ensure transparency and prevent tampering.

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Anger over ‘two-tier sentencing’ as Justice Secretary Shabana Mahmood rejects new guidelines

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Anger over 'two-tier sentencing' as Justice Secretary Shabana Mahmood rejects new guidelines

There’s been angry reaction to new guidelines – described by some as “two-tier sentencing” – which recommend judges consider whether a criminal is from a ethnic, cultural or faith minority before issuing a punishment.

The Sentencing Council, which sets out recommendations to courts in England and Wales, has issued fresh advice about how certain offenders should be processed.

But its updated guidance, which is due to come into force from April, has been described as enshrining a “double standard” by the shadow justice secretary Robert Jenrick.

He accused the council of setting rules which make “a custodial sentence less likely for those from an ethnic minority, cultural minority, and/or faith minority community”.

The independent body is now advising that a pre-sentence report (PSR) “will normally be considered necessary” before sentencing a criminal from an ethnic, cultural or faith minority.

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Number of people recalled to prison on the rise

A PSR assessment would also be expected for people from the transgender community and certain other groups, such as young adults aged 18 to 25, women and pregnant women.

Posting on X, Justice Secretary Shabana Mahmood said: “I will be writing to the Sentencing Council to register my displeasure and to recommend reversing this change to guidance.

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“There will never be a two-tier sentencing approach under my watch.”

In setting out the changes, Lord Justice William Davis said the reforms reflect evidence of disparities in sentencing outcomes, disadvantages faced within the criminal justice system and complexities in the circumstances of individual offenders.

The chair of the Sentencing Council for England and Wales said: “PSRs provide the court with information about the offender; they are not an indication of sentence. Sentences are decided by the independent judiciary”.

He added that a punishment tailored to the offender had the “greatest likelihood” of being effective.

According to the most recent government statistics, since 2018 white defendants are more likely to have a shorter jail sentence than any other ethnic group.

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The Sentencing Council is also advising judges and magistrates to consider rehabilitative sentences, or community sentences. It points out they can be more effective in reducing re-offending than a short term behind bars.

Among the fresh guidance is also a recommendation for courts to “avoid” sending pregnant women or mothers of babies to prison.

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Kate praises prison’s care for new mothers

Janey Starling, co-director of feminist campaign group Level Up called the changes a “huge milestone”.

Meanwhile Liz Forrester, from No Births Behind Bars, said it finally recognises the “deadly impact” of prison on babies and pregnant women.

Pregnancy, childbirth and post-natal care had already been introduced in April 2024 as a new mitigating factor in England and Wales.

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Trump may be the “raging bull” of crypto, yet the EU may have the upper hand

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Trump may be the "raging bull" of crypto, yet the EU may have the upper hand
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As Trump seeks to turn the US into a crypto haven, the EU’s MiCA regulation provides a robust framework that could secure Europe’s leadership in the crypto space.

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