South Korea ramps up crypto investigations and regulations
South Korea announced Digital Assets Committee, launched an investigation and met with Asia-Pacific financial authorities. Go to Source Powered by WPeMatico
South Korea
Auto Added by WPeMatico
South Korean government becomes an early investor in metaverse
South Korea’s rising interest in nascent tech could prompt other nations to take up the idea of metaverse more seriously. Go to Source Powered by WPeMatico
South Korea to Invest $177 Million Directly in Metaverse Platforms
The government of South Korea has announced it will start investing in metaverse projects directly. More than $177 million dollars will be invested to kickstart national jobs and companies in this field, according to statements made by Lim Hyesook, minister of science and information and communication technologies. South Korea is one of the first countries … Read more
Terra Development Team Reveals Some Users ‘Received Less LUNA From the Airdrop Than Expected’
The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic (USTC) holders. However, on Tuesday the Terra development team revealed that some Terra token owners “received less LUNA from the airdrop than expected,” … Read more
While the New LUNA Records Gains, Do Kwon’s Terraform Labs Is Plagued by Controversy and Accusations
It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid the token’s 24-hour rise, controversy continues to plague … Read more
South Korean authorities reportedly probe staff behind Terra
South Korean authorities are reportedly looking at the Terra crash to check for signs of intentional price manipulation and other issues. Go to Source Powered by WPeMatico
Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote
While the FSS’ standardization effort is still in its early stages, it is expected that once a legal framework for virtual assets has been established, a uniform evaluation system will be put in place. Go to Source Powered by WPeMatico
Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23
Officials from all over the world continue discussing the solutions for stablecoins’ risks Go to Source Powered by WPeMatico
South Korean police request exchanges freeze LFG related funds
Police in South Korea have contacted the country’s leading exchanges to freeze any funds linked to the embattled Luna Foundation Guard. Go to Source Powered by WPeMatico
Do Kwon Dissolved Terraform Labs Korea Days Before Collapse of Terra LUNA, UST
Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do Kwon Shut Down Terraform Labs Korea Before UST and LUNA Fallout Terraform Labs founder Do Kwon reportedly closed down his company in Korea days before … Read more