2022-6-1 09:00 |
China has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin.
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According to Local media accounts, South Korea’s Financial Supervisory Service (FSS) has moved to standardize risk assessment for virtual assets, the FSS reported these details during the “Enactment of the Digital Asset Framework Act and Emergency Inspection of Coin Market Investor Protection Measures” conference.
2022-6-1 21:59 | |
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Per a report from a local news media, South Korean authorities have launched a full investigation against the developers of Terra (LUNA). Once one of the most popular cryptocurrencies in this sector, LUNA and its native stablecoin UST lost over 90% of their value and left investors with massive losses.
2022-5-31 21:00 | |
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According to local media reports, South Korean police are looking to freeze Luna Foundation Guard’s funds following this month’s historic collapse of the Terra network’s LUNA and UST tokens.
2022-5-24 18:23 | |
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Despite the overwhelming approval of the proposal as of Wednesday, many Terra users on social media suggested the network burn its LUNA tokens.
2022-5-19 21:15 | |
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After the abrupt crash of Terra’s UST last week, a popular South Korea-based law firm, LKB & Partners, is set to sue Do Kwon on behalf of South Koreans who invested in the asset, according to local media reports.
2022-5-18 19:30 | |
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According to South Korea’s local media reports, two South Koren financial authority agencies have started “emergency” investigations into local crypto exchanges in response to the collapse of Terra.
2022-5-18 18:52 | |
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A group of industry stakeholders is trialing a blockchain system designed to more efficiently cover margin calls in securities trading.