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In wake of Terra collapse, South Korea plans new crypto oversight committee: Report -Breaking

May 31, 2022May 31, 2022 by Mike Robinson

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In wake of Terra collapse, South Korea plans new crypto oversight committee: Report

South Korea has established a new committee to oversee cryptography in response to the Terra fall. Report

The ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its’ creator, was the most concerned country of them all.

There are signs that Do Kwon, co-founder of Terraform Labs is was facing legal trouble in South Korea, the country’s ruling party AnnouncementAccording to NewsPim, Tuesday’s launch of a new Digital Asset Committee will take place in June.