• The UK’s regulators have begun to inspect the aftermath.
• The market’s fall is being also questioned by the regulators.
• These examinations were a beginning to establish new rules in crypto-related areas.

The UK market regulators are paying closer attention to the Terra (LUNA) fall that happened during the market’s latest dip. Luna fell almost 100% after the dip, which saw Luna reach $26K.

The market is also being closely examined by regulators. They are looking at crypto markets to develop and set rules.

Sarah Pritchard, Executive Director for Markets at the Financial Conduct Authority, commented on the news by saying that the latest market instability in stablecoins “will absolutely need to be taken into account” as they start working to develop and implement new rules for crypto assets later this year.

Pritchard also added

Innovation lasts if it works well, and clearly, we’ve seen the consequences and some of the issues that can arise.

It was also stated that she t…

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