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DOMAINS TOKEN-G

Ronald Maguire

28 May 2022 232 Read Crypto , Altcoins

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South Korean Government to Apply Unified Listing Standard to Crypto Exchanges

The Korean government is currently regulating crypto exchanges after the collapses of Terra (LUNA) and the algorithmic stablecoin TerraUSD (UST). The Korean National Assembly held an emergency meeting with the heads of the largest crypto exchanges on Tuesday to prevent something like this from happening again. At the meeting, banking officials and lawmakers supported the adoption of stricter rules on crypto exchanges.

Crypto Exchanges Penalized

The Korean government blamed crypto exchanges for Terra's collapse. According to the government, crypto exchanges deliberately delayed delisting LUNA to profit from this situation.

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