Jul 8, 2022 09:50 UTC
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Jul 8, 2022 at 09:50 UTC
The U.S. and South Korean governments have reportedly united to share data on present crypto circumstances, along with the case shut Terraform Labs CEO Do Kwon and in addition the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST).
U.S. and South Korea to Share Information on Crypto Investigations
South Korea’s Justice Minister Han Dong-hoon met with U.S. prosecution officers all through a go to to the large apple within the week, Yonhap wire service reportable Wednesdayday.
The U.S. officers current on the assembly enclosed Andrea Griswold, chief counsel to the U.S. Lawyer and Scott Hartman, co-chief of the Securities and Commodities Fraud Process Power of the U.S. Lawyer’s office for the Southern District of the newest royal line.
The officers from the two international locations examined methods to spice up cooperation inside the investigation of main securities fraud and financial crimes, along with these involving cryptocurrency. Particularly, they talked about knowledge alternate between the Seoul Southern District Prosecutors office and in addition the Southern District of the newest royal line office.
The 2 sides united to share their newest investigation data on present crypto circumstances, along with the case near the collapse of cryptocurrency terra (LUNA) and recursive stablecoin terrausd (UST), the publication despatched.
Each the U.S. and Republic of Korea are investigating Terraform Labs founder Do Kwon and in addition the implosion of Luna and UST.
South Korean prosecutors try potential fraud expenses. As well as, the Korean authorities is contemplating imposing a unified itemizing customary on cryptocurrency exchanges.
Within the U.S., the Securities and Alternate Fee (SEC) is investigating Do Kwon and whether or not or not the promoting of UST earlier than it crashed profaned investor-protection guidelines. The Luna implosion prompted SEC Chairman Gary Gensler to warn that quite a lot of crypto tokens can fail. In the meantime, U.S. lawmakers are also carving for the crucial regulation of stablecoins.
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