South Korean Authorities Intensify Crypto Regulations to Prevent Terra (LUNA) Recurrence
According to local media reports, the FSS asked 157 payment gateways to provide information about their services involving crypto, disclosure of digital assets, and their plans. However, the FSS reported that only 6 payment gateways held digital assets.
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The request comes only a few days after the government announced that it is launching a Digital Assets Committee. This is in reaction to the recent crash of Terra’s ecosystem, which left many with losses running into billions.
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