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


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

Amid signs that Terraform Labs co-founder Do Kwon was facing legal trouble in South Korea, the country’s ruling party announced Tuesday that it will launch a new Digital Asset Committee in early June, according to local news outlet NewsPim.