S. Korean Authority Sets Probe on Tera-linked Financial Carrier

S. Korean Authority Sets Probe on Tera-linked Financial Carrier

S. Korean Authority Sets Probe on Tera-linked Financial Carrier
  • FSS will analyze and classify cryptos by threat traits to files future replace itemizing opinions.
  • A sigh stated merchants lost over $60 billion to the collapse of LUNA and UST.
  • IMF describes the Terra-Luna collapse as a “multi-level pyramid blueprint.”

The Financial Supervisory Carrier (FSS) of South Korea has announced plans to conduct on-space inspections on companies that offered monetary companies and products to the Terra Labs’ mission in the sunshine of the LUNA and UST implosion two weeks ago.

The announcement came thru Chan-woo Lee, a senior vice president of the FSS, on Tuesday, Would possibly per chance maybe additionally 24, 2022, at the assembly of the Enactment of the Digital Asset Framework Act and Emergency Inspection of Coin Market Investor Protection Measures, held at the Nationwide Assembly Hall.

Lee stated:

The probability of the Terra crisis affecting the monetary market remains to be low, but in repeat to forestall threat transfer to the monetary market, on-space investigations were performed on some companies that provid …

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