The so-called “black swan” Terra collapse has caused Chinese state media to hint that even further regulations of cryptocurrencies and stablecoins could be on the cards in the near future.
“My country has been cracking down on virtual currency trading speculation and a large number of trading platforms,” reporter Li Hualin wrote before adding, “this has effectively blocked the transmission of this risk in China and avoided investment risks to the greatest extent possible.
“In the future, our country will also speed up the completion of regulatory shortcomings, and introduce targeted regulatory measures for the risk of stablecoins to further reduce the space for virtual currency speculation, illegal financial activities and related illegal and criminal activities, and better protect the safety of the people.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
A $90 million DeFi exploit on Terra went unnoticed for seven monthsA security bug allowed a hacker to drain about $90 million from Mirror Protocol on the old Terra blockchain.
Les mer »
South Korean authorities reportedly probe staff behind TerraSouth Korean authorities have questions about the Terra collapse. The Seoul Southern District Prosecutors Office reportedly launches a full-scale investigation of Terraform Labs in the aftermath of the fall of the Terra ecosystem.
Les mer »
Terra 2.0 relaunches according to Do Kwon's revival planKwon’s revival plan for Terra involves hard forking the existing blockchain and reissuing LUNA tokens to existing investors.
Les mer »
Investors dumping on Terra as LUNA 2 tanks 70% in two daysThe sharp plummet seems to suggest a relative lack of faith in Do Kwon’s revamp moving forward, with many investors indicating on Twitter that they are instead looking to recover a small portion of their previously lost capital.
Les mer »
Rival blockchain projects angling for talent from Terra developersThe fall of Terra is causing a kind of diaspora of developers, but other blockchain projects are ready to fill the void and employ that talent. VeChain, Polygon, Kadena, and possibly others are all on the lookout for wandering talent.
Les mer »
A $90 million DeFi exploit on Terra went unnoticed for seven monthsA security bug allowed a hacker to drain about $90 million from Mirror Protocol on the old Terra blockchain.
Les mer »