The South Korean government and financial regulators appear keen to ensure that May’s Terra ecosystem crash – an event they have dubbed the “terra/LUNA incident” – will become a watershed moment for the crypto sector, with a slew of new regulations incoming. The new head of a leading regulatory body led those vowing to implement changes, calling for the creation of a system that provides investors with more “fairness.”
Chief among the new regulations will be the imminent launch of a new government-appointed regulatory body that will be charged with policing the crypto sector. As reported, this body has been tentatively named Digital Assets Committee (literal English translation), and could launch in the next two weeks.
The body will – unlike most other financial regulators that also deal with traditional finance-related issues – be devoted entirely to the policing of the crypto market. It will also be charged with forming policy for the industry.
Also debuting in the coming weeks or...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...