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Terra Luna has become the talk of the town after it suddenly collapsed when its algorithmic dollar-pegged stablecoin, UST depegged. The mishap was so massive that the entire crypto market slumped down along with it to some extent. Hence, it seems the South Korean Conservative party has requested a parliamentary hearing on the grave matter by inviting many vital members associated with the South Korean Crypto market, especially Terra Luna CEO, Do Kwong to get…

The Financial Services Commission (FSC) which is the top financial regulator of South Korea has officially stated that only 29 crypto exchanges out of the 66 that were operating in the country have registered themselves with the Information Security Management System (ISMS) and has also submitted a report to the Financial Intelligence Unit (FIU) within the September 24 deadline, thus complying with the new regulations needed to run a crypto exchange within the country. This…