South Korean Exchanges Could Be Held Responsible For Terra Crash

South Korea May Hold the Country’s Exchanges

Crypto investor protection law takes effect in Korea

Under the law

South Korean Authorities Might Hold Local Exchanges

Just-In: South Korea May Sue Crypto Exchanges Over Terra Crash

Under the law, crypto exchange operators must deposit users’ deposits at trusted financial institutions, such as banks. The regulation aims to help protect users’ deposits

However

However, as per expectations, the government will be holding exchange platforms accountable for the damages born by the investors caused by the Terra Luna crash.

South Korea plans to sue crypto exchanges following Terra crash

South Korean Crypto Exchanges to Face Closer

Terra LUNA and Terra USD

Terra LUNA and Terra USD (UST) crash caused massive losses for investors globally. The crash prompted reactions from regulators globally, and in South Korea

South Korea Investigates Terra Crash. The reports indicate that the crypto exchanges are to be held responsible for the damages suffered by investors. They failed to implement enough

South Korean exchanges under scrutiny, may be held for losses

The ruling party officials are

The ruling party officials are likely to hold the exchanges responsible for the crash of the Terra network. They will also blame them for the loss of investor funds. The local

The South Korean Government is looking at crypto exchanges to hold crypto exchanges liable for their failure to protect traders from the LUNA crash.