South Korea’s crypto traders were burned by rampant fraud in the digital assets space, prompting the country’s regulators to aim at reining in the largely underregulated space. In 2022, South Korean crypto entrepreneur Do Kwon’s Terra-Luna ecosystem collapsed, precipitating a $40 billion crypto market crash.
China’s Leading Blockchain Advocate Faces Investigation
Yao Qian, a prominent ‘pro-blockchain official’ in China, is under investigation by Chinese authorities for undisclosed “violations of law.” The...